Apple Internet TV potentially worth billions to the bottom line

“The June 8 Apple World Wide Developers Conference has come and gone with no mention of a streaming TV service,” J. M. Manness writes for Seeking Alpha. “The service that the Wall Street Journal reported for this fall is expected to carry the major TV channels in an over the top (OTT) service that would allow you to bypass the normal cable providers.”

“Today, new news from the NY Post states: ‘The platform is ready and it rocks,’ said one source,” Manness writes. “According to the article: ‘…talks with all four networks are rapidly gaining momentum, The Post has learned.'”

Manness writes, “This year I believe is when this plan will be implemented – the Apple TV will move wholeheartedly from self-proclaimed “hobby,” to full fledged, critical product… streaming video alone could easily add $2.4 billion to the bottom line (or even more if our assumptions turn out to be conservative). That would be roughly $0.50 per share.”

Read more in the full article here.

[Thanks to MacDailyNews Reader “farkas” for the heads up.]

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