“Apple (AAPL) stock has seen a lot of volatility since hitting an all-time high immediately following its last earnings report,” Susannah Lee reports for Yahoo Finance. ” Gene Munster, managing director and senior research analyst at Piper Jaffray expects a similar pop on Tuesday when the world’s largest company posts Q3 results.”
“‘It’s been a difficult road for Apple TV for us,’ admitted Munster. ‘We thought that is was coming in an actual panel and that’s not the case,'” Lee reports. “But he hasn’t given up hopes that Apple may one day be nominated for an Emmy and join the likes of Netflix with its 34 nominations and 12 for Amazon.”
“‘Apple wants to do more in the living room and this fall, we expect them to have some sort of streaming service,’ he said. ‘If you think about their broader goals and ambitions, we think content could be a part of that,'” Lee reports. “But this is a long term view. ‘Five, ten years down the road, I wouldn’t be surprised to see Apple getting some sort of a nomination as well,’ said Munster.”
Read more in the full article here.
MacDailyNews Take: Apple certainly has the cash to produce some compelling content exclusively for Apple TV.
BTW: Apple has already won Emmys.