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 TV Gets a Major Upgrade (Update 1)

Updated from 10:32 A.M. to include news on Apple being awarded iPad contract.

NEW YORK ( TheStreet) -- In an effort to continue focusing on software and services and generate good publicity, Apple (AAPL - Get Report) announced that HBO Go and WatchESPN are coming to the Apple TV.

HBO Go, a division of Time Warner (TWX - Get Report), offers users every episode of every television show HBO has produced and plenty more movie choices, making it an alternative to HBO on Demand.

HBO Go, which requires an HBO subscription, has become one of Apple's most popular apps on the App Store, the company noted, and this is only furthering to build out that platform. "HBO GO and WatchESPN are some of the most popular iOS apps and are sure to be huge hits on Apple TV," said Eddy Cue, Apple's senior vice president of Internet Software and Services in the press release. "We continue to offer Apple TV users great new programming options, combined with access to all of the incredible content they can purchase from the iTunes Store."

ESPN, the popular sports cable network from Walt Disney (DIS - Get Report), also plugs a huge hole for Apple, which now will allow ESPN subscribers to watch ESPN content on their Apple TV devices. It'll allow users to watch the ESPN family of networks, including ESPN, ESPN2, ESPNU, ESPN3 and ESPN Buzzer Beater/Goal Line.

In addition to HBO GO and WatchESPN, Apple also signed deals with three new content providers, Sky News, Crunchyroll and Qello to offer live news, sports and current TV programming.

Adding both HBO Go and WatchESPN demonstrates that Apple is serious about focusing on services, and not just providing lip-service to investors and customers alike. There are over 60,000 movies and 230,000 TV episodes available on Apple TV, but HBO Go and WatchESPN are perhaps the two most marquee streaming services, aside from Netflix (NFLX - Get Report) and Hulu.

It's becoming clear that Apple is focusing more on delivering content to users, with Apple TV and iTunes becoming an increasingly important part of the company's business. The company noted more than 1 billion TV episodes and 380 million movies have been downloaded from iTunes. Over 800,000 TV episodes and over 350,000 movies are being bought per day. That's huge money for Apple, and is part of the reason iTunes has been talked about previously as Apple's next big product as the company transitions itself into a software company.
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 $113.29 0.00%
DIS $102.48 0.00%
NFLX $117.63 0.00%
TWX $72.38 0.00%
FB $91.01 0.00%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs