NEW YORK (TheStreet) -- Apple (AAPL) - Get Report shares are higher 0.08% to $105.75 on Monday as the tech giant's first show on its Apple TV product will be an unscripted program about apps, according to the New York Times.
For months, there had been much discussion about how the company was speaking with Hollywood executives to produce its own movies and TV shows.
But on Thursday, Apple provided more details about its efforts in original video programming, noting that it was working with musical artist Will.i.am. and two veteran TV executives, Ben Silverman and Howard T. Owens on a new show about apps.
"One of the things with the app store that was always great about it was the great ideas that people had to build things and create things," Eddy Cue, Apple's senior VP of Internet software and services told the Times.
However, no other details about the production and when the show will air were provided.
Separately, RBC Capital Markets analyst Amit Daryanani wrote in a note to investors today that Apple could raise its stock buyback program to $50 billion from $40 billion, and hike its dividend by 10% to 15%.
Additionally, the company's iPhone may get a complete makeover in 2017, including a new screen and wireless charging, according to KGI Securities, CNET.com reported.
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TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of B.
The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, increase in net income and growth in earnings per share. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles' author.
You can view the full analysis from the report here: AAPL