This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple's Digital Living Room Play: Tech Rumor

Updated with Apple's response to TheStreet.com's request for comment

CUPERTINO, Calif. -- ( TheStreet) -- Apple (AAPL - Get Report) may be about to boost its presence in the home with an overhaul of its Apple TV offering, and is also rumored to be entering the TV hardware business.

In a note released this week, Piper Jaffray analyst Gene Munster says that Apple may launch a new version of the Apple TV product within "the next several months." This is likely to include a monthly subscription to iTunes TV shows or TV recording features such as DVR, he added.

"We believe Apple is exploring a subscription-based offering for its TV content in iTunes," he wrote. "Apple could leverage its deep library of content with many network and cable channel content owners to provide unlimited access to a sub-library of its TV shows for a standard monthly fee."

Launched in 2007, the Apple TV wireless device lets users play iTunes content on their TVs. Touted by the Cupertino, Calif.-based firm as a "DVD player for the Internet age," the technology has nonetheless had a relatively low profile within the Apple empire.

During the company's first-quarter conference call earlier this year, for example, Apple COO Tim Cook described Apple TV as still a "hobby," but vowed that this will change.

"It is clear that the movie rental business has really helped Apple TV and there are more and more customers that want to try it," he explained, adding that unit sales were up almost three times compared to the prior year's quarter. "We're going to continue to invest in it, because we fundamentally believe there is something there for us in the future."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $130.54 0.00%
HPQ $33.76 0.00%
FB $80.29 0.00%
GOOG $533.99 0.00%
TSLA $249.45 0.00%

Markets

DOW 18,040.37 +29.69 0.16%
S&P 500 2,111.73 +4.34 0.21%
NASDAQ 5,082.9290 +12.9030 0.25%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs