Apple is holding an event on March 25 during which it’s expected to introduce new services focusing on video streaming and news subscriptions.
The announcement will come as sales of Apple’s iPhone have been slowing.
Although Apple will likely announce its video service this month, it’s not expected to launch until the spring.
Apple made headlines this week when it sent out media invites to an event on March 25, where it’s widely expected to unveil its long-rumored video service and a news subscription platform.
The impending expansion of Apple’s digital services is critical for the company is looks to boost revenue in other business areas to counteract slowing iPhone sales. The company said in its earnings report from January that iPhone sales had plummeted by 15% during the holiday quarter, and only about 16% of iPhones currently in use are expected to be upgraded to new models this year, according to a note from Bernstein analyst Toni Sacconaghi published last month.
So as we gear up for Apple’s next big event, here’s a look at everything we’re expecting the company to announce.
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The unveil of Apple’s long-rumored Netflix rival.
The new streaming video service Apple will reportedly announce is expected to steal the show on March 25. The event invite even teases this with a tagline that says, “It’s show time.”
The service is said to provide access to shows operated by Apple and programs from other popular media companies. Apple is in talks with CBS, Showtime, HBO, and Starz among others, but Netflix and Hulu haven’t signed on, according to Bloomberg. It’s expected to be similar to Netflix and Amazon …read more
Source:: Business Insider