“Apple should figure out how to capture more consumers in the living room with more content in addition to focusing on its iPhone, analyst Will Power told CNBC on Tuesday,” Berkeley Lovelace Jr. reports for CNBC. “Apple’s services business is worth about $30 billion and growing double digits, said Power, a senior research analyst at R.W. Baird.”
“But shareholders are rarely satisfied with those numbers, he said,” Lovelace Jr. reports. “‘When you have a $250 billion revenue base, you need more there,’ Power told ‘Squawk Box.’ ‘What can they do on the content front. What can they do to really own the living room?’ Power asked.”
“Power also said Apple shouldn’t focus on any massive acquisitions to satisfy its investors and boost its stock,” Lovelace Jr. reports. “Instead, the company should focus on what it’s good at, he argued.”
Read more in the full article here.
MacDailyNews Take: When the high quality original content is ready, Apple will make their real move into the (general public’s) living room (they’re already in all of ours and on every one of our Sony 4K smart TVs‘ HDMI Input 1 to boot).
SEE ALSO:
Apple loses bidding war over J.J. Abrams sci-fi drama ‘Demimonde’ to HBO – February 2, 2018
Apple and HBO in bidding war for J.J. Abrams sci-fi drama series – January 17, 2018
Apple’s TV tactics: Can Cupertino figure out the television formula? – January 16, 2018
Apple orders ‘See’ series, a futuristic drama from ‘Hunger Games’ director – January 10, 2018
Life after iTunes: Apple’s big media challenge – January 9, 2018
Apple developing new original drama ‘Are You Sleeping’ starring Octavia Spencer – January 3, 2018
Three more Amazon Studios executives move to Apple – December 26, 2017
Apple orders space drama series from ‘Battlestar Galactica’ producer Ronald D. Moore – December 15, 2017
Apple gives Jennifer Aniston-Reese Witherspoon series a 2-season order, confirms Spielberg’s ‘Amazing Stories’ reboot – November 9, 2017
Apple outbids Netflix for show starring Jennifer Aniston and Reese Witherspoon – November 8, 2017
Apple eyes iconic studio as base for Hollywood production push; vying with Netflix for high-profile Jennifer Aniston drama – September 1, 2017
The magic and misdirection of Apple’s streaming strategy – August 18, 2017
Apple wants to spend $1 billion on 10 original TV shows over the next year – August 16, 2017
Former WGN America president Matt Cherniss joins Apple in latest TV push – August 15, 2017
Rivals leaving Apple behind as Apple TV remains stuck in a test pattern – August 8, 2017
Apple’s so-called TV ‘strategy’ continues to be an embarrassing joke – June 30, 2017
Apple poaches Sony TV executives to lead major push into original content – June 16, 2017
Apple’s Eddy Cue alienated cable providers and networks with an assertive negotiating style – report – July 28, 2016
C’mon Apple, do the ultimate transformation, one that will make big bucks for your loyal shareholders — become a BANK!
Well…the leasing and subscription model is being discussed….
Apple can park all the cars in the living room they want but what I want is a big, blazingly fast TRUCK sitting right on top of my desk.
Companies other than Apple makes trucks and they’re at a darn fine price, too!
I want a Truck that doesn’t screw up and protects my privacy. I want to use my Truck for work without thinking about what the Truck is doing. That’s why it is cost effective.
How many years have been hearing this?
But on a side note, I like EdC’s idea of an Apple Bank.
To capture the living room Apple needs to be able to replace my sound bar and connect to my stereo for starters.
Until such time as there is a way to use HomePod to reproduce live analogue sound, it won’t be suitable for my living room.
My sophisticated HiFi system is the centre of my A/V system and everything is routed through it, including my vinyl turntable, FM tuner and TV sound. It would be unthinkable to have a speaker which works with my Apple products, but doesn’t handle my other sound sources.