Apple Inc (NASDAQ AAPL) will not launch its revamped TV in 2014, according to a report from the Information, citing a source. According to the report, the engineers working on the device were updated that there will be a delay in the product launch due to continuous contractual issues with cable companies and Comcast’s delayed acquisition of Time Warner Cable.
Apple TV may be launched in 2015 owing to the absence of any deal with cable companies with sources arguing that Apple has bit off more than it can chew. Rumors of a revamped Apple TV are doing rounds for several months now, suggesting that the new device would include support for games and apps along with an expanded expansion to television content.
In February 2014, there were reports that Apple is trying to work as a mediator between cable companies and consumers, by offering content from cable companies through its set-top box, overlaid with an Apple TV style interface. Also, the company will add DVR capabilities to the service.
Apple Inc (NASDAQ AAPL): Apple TV Release
Apple TV is said to be packed with some of the ground-breaking innovations, and it was also believed that the company will create a subscription television service that would supersede the cable packages. However, in the wake of failed deals with cable companies, Apple has abandoned its television targets and decided to work in-line with the cable companies rather than against them.
However, sources in the television rule out the rumors that cable companies have to do something with the delay, saying that Apple has “bit off more than it can chew,” and requires accessing rights from many different rights holders to “create the service it wants to offer,” according to Macrumors.
[grabpress_video guid=f89a9efae7fb1f1e1a80ad598f11fa068bd7df06 embed_id=2151919]
Apple Inc financial news (NASDAQ AAPL)
Apple (NASDAQ AAPL) has cut a silent deal with CNBC, which surfaced on the Apple TV home screen, on Tuesday, alongside Netflix, and HULU Plus. The deal states that anyone with an Internet connection can watch the recent bits from Squawk Box or Jim Cramer’s Mad Money.
Thanks for visiting the TechNews.org website. Be sure to catch all Apple Inc (NASDAQ AAPL) financial news, bookmark us and check all the videos and news articles regarding the Apple stock.