“Dish Network has not hit a home run with its new Sling Web TV service, and Apple might not step up to the plate despite rampant speculation that it’s close to entering the game, says Pacific Crest Securities,” Reinhardt Krause reports for Investor’s Business Daily. “In a research report reviewing media and entertainment company Q3 earnings, analyst Andy Hargreaves sees upside for Netflix, despite management comments that media firms might license more content to its rival, such as Hulu, or launch their own direct-to-consumer streaming products.”
“Some analysts have interpreted Q3 earnings calls comments by CBS and 21st Century Fox as signs that an Apple Web TV service is still in the works, but Hargreaves is cautious,” Krause reports. “‘We continue to believe an Apple-branded service with a heavy focus on on-demand is likely. But odds may be increasing that Apple has decided the opportunity is not worth the effort,’ wrote Hargreaves.”
Krause reports, “The Pacific Crest analysts noted Apple CEO Tim Cook’s remarks on Oct. 19. Linear TV ‘”has outlived its usefulness … it’s time to lose sight of the shore and move on with it,’ Cook said.”
Read more in the full article here.
MacDailyNews Take: In January 2013, Pacific Crest Securities’ analyst Andy Hargreaves stated in a note that the high-end market for smartphones would be saturated sooner than expected which would lead to poor growth for Apple as demand for “incremental hardware improvements” was waning and he didn’t believe people would continue to upgrade to new iPhones.
In short, Andy Hargreaves couldn’t analyze his way out of a wet paper bag.
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