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Apple's upcoming video streaming service to create $4b, Netflix serious competition

06 September 2018 4

Apple recently became the world’s first $1 trillion company. The Cupertino tech giant continues to grow its empire by adding new business under its hood and the upcoming launch of the Apple Video streaming service would serve as a serious competition to the famous Netflix platform. Apple believes that there is a huge potential in the service that the investors fail to realize, while the service would become a multi-billion dollar platform in years to come.

The tentative date for the Apple Video Streaming service is around early to mid next year, though a major downside would be the comparatively smaller catalog of content than Netflix. While on the other hand, the ups would be the ability of Apple to get higher conversion rate in Signups, in addition, to be able to capture the payment/credit card information from the users, which Apple has a successful track record with its already established cloud services like iTunes and more.

An analyst Katy Huberty shared in a statement:

“We believe that Apple Video will become a reality sooner than investors think … Optionality around Apple Video helps emphasize the increasing contribution to growth from Services,” and also, “The Emerging Power of Apple Services, Part 3: Video a New Growth Driver in 2019.”

Likewise, we could later expect the Apple TV app to be made available on other platforms like Android and for Smart TVs. Analyst Huberty believes that Apple’s share would go up to $245 from the current $232. Are you excited or such a service to launch? Let us know in the comment section below.



Apple's upcoming video streaming service to create $4b, Netflix serious competition
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