Apple working on games subscription service for gadgets: Bloomberg

United States News News

Apple working on games subscription service for gadgets: Bloomberg
United States Latest News,United States Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

Apple Inc, which later on Monday is expected to unveil a television and movie st...

FILE PHOTO: Apple company logos are reflected on the glass window outside an Apple store in Shanghai, China January 3, 2019. REUTERS/Aly Song/File Photo

NEW YORK - Apple Inc, which later on Monday is expected to unveil a television and movie streaming service, is also working on a games subscription service for its App Store, Bloomberg reported on Monday, citing people with knowledge of the plans. The gaming service will not challenge new cloud-based streaming offerings such as Alphabet Inc’s Google Stadia. Instead, it will focus on iPhones and iPads and bundle together paid games from different developers that consumers can access for a monthly fee, according to the Bloomberg report.

Hollywood celebrities are expected to trek to Apple’s Cupertino, California, home to greet the debut of a revamped Apple TV digital storefront. Apple has commissioned programming from A-list names such as Jennifer Aniston, Reese Witherspoon, Oprah Winfrey and Steven Spielberg.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple invites Hollywood to Silicon Valley in TV pushApple invites Hollywood to Silicon Valley in TV pushApple Inc is expected to finally lift the curtain on Monday on a secretive, year...
Read more »

Apple is holding a big event on Monday — here's everything it's expected to announceApple is holding a big event on Monday — here's everything it's expected to announceApple has scheduled an event on its campus on March 25, and new video streaming and news services are expected to headline the keynote.
Read more »

Cramer Remix: Apple could decline, no matter what new products it announces on MondayCramer Remix: Apple could decline, no matter what new products it announces on MondayJim Cramer explains why the Apple bears could come out of hibernation after its big announcement on Monday
Read more »

Apple launches new AirPods ahead of March 25 eventApple launches new AirPods ahead of March 25 eventApple Inc on Wednesday launched an updated version of its wireless 'AirPods...
Read more »

Apple wants to change the way you watch sportsApple wants to change the way you watch sportsIf Apple Inc. gets its way, you might never miss a sports highlight again.
Read more »

New York Times CEO warns publishers ahead of Apple news launchNew York Times CEO warns publishers ahead of Apple news launchApple Inc is expected to launch an ambitious new entertainment and paid digital ...
Read more »

Tech powers Wall Street's recovery; banks reel under Fed's dovish stanceTech powers Wall Street's recovery; banks reel under Fed's dovish stanceA tech rally led by Apple Inc pushed Wall Street's main indexes higher on T...
Read more »

Apple debuts new iPad Air and iPad mini, which work with Apple Pencil stylusApple debuts new iPad Air and iPad mini, which work with Apple Pencil stylusApple debuted a new mid-tier iPad with a larger screen and introduced the first iPad mini update since 2015 — a week before it rolls out a media and entertainment bundle designed to compete with Netflix.
Read more »

Apple streaming event 'could trigger a sell-off,' says BTIGApple streaming event 'could trigger a sell-off,' says BTIGBTIG analyst Walt Piecyk wrote Monday that Apple Inc.'s upcoming launch of its streaming-media service "could trigger a sell-off in the stock." The company is scheduled to make an announcement on Monday at 1 p.m. ET, which is widely expected to concern the company's efforts in streaming video. "We believe there is little that Apple can say at its event today that will satisfy media skeptics," Piecyk wrote. He said that sell-offs have become typical following Apple events. "Most of today's criticism will probably be accurate but viewed through a short term lens," Piecyk wrote, including that it's difficult and expensive to become a formidable media player. He argued that the company shouldn't look toward a big acquisition as a way to bolster its content ambitions. Nonetheless, he boosted his price target to $220 from $189 in his Monday note, writing that the outlook for Apple's 2020 earnings looks favorable relative to the S&P 500 . Apple shares have jumped 30% in the past three months, while the Dow Jones Industrial Average has risen 17%.
Read more »

Apple set to unveil streaming service, will reportedly offer HBO, Showtime for $9.99 a monthApple set to unveil streaming service, will reportedly offer HBO, Showtime for $9.99 a monthApple Inc. will shift its business further toward the services side Monday, according to a new report a day before the unveiling of its highly anticipated...
Read more »



Render Time: 2025-02-24 17:01:56