Apple (AAPL) shares rebounded from a key level on the stock market Thursday. The consumer technology giant reportedly is working to launch a new subscription music streaming service with Beats, which it acquired for $3 billion last year. Apple pioneered the digital music downloads space, but is seen as late to the game when it comes to streaming, which is already crowded with Spotify, Pandora (P), Rhapsody and other apps. Is it time to buy Apple?
New Internet television services from Dish Network (DISH), Sony and possibly Apple are unlikely to please either potential cable TV cord-cutters or cord nevers, Bernstein Research said in a report Thursday. The over-the-top video services announced or rumored so far are too narrow for existing pay-TV subscribers and are too expensive for people who have opted not to subscribe to traditional pay-TV services, Bernstein analyst Todd Juenger said in the report. His findings were based on comments made at focus groups in New York City and San Francisco. The groups were composed of people who identified themselves as “highly likely to cut the cord in the next six months,” as well as people who felt just the opposite. Based on the focus groups, Juenger is pessimistic on the prospects for Sling TV from Dish Network, PlayStation Vue from Sony (SNE) and a rumored Apple (AAPL) TV service. “A strong body…
The major indexes took a beating on the stock market today, with top-rated chipmakers among the biggest losers. The Philadelphia Semiconductor Index dropped hard, falling 4.6% to close below the 50-day moving average. Several notable chipmakers took substantial hits, including Ambarella (AMBA), best known for being a GoPro (GPRO) chip supplier. Three Apple (AAPL) iPhone chip suppliers — Avago Technologies (AVGO), Skyworks Solutions (SWKS) and NXP