Apple (AAPL) shares are up so far this week, with Tuesday’s gain boosted by the company’s rumored plans to launch its own television service. But shares have been on a three-week slide. Last week, the tech giant unveiled the details of its Apple Watch, but that did not seem to impress investors. Will Apple finish out the week with a gain to end its slump? Watch this video for key IBD chart analysis. Follow Alissa Williams on Twitter:
Apple (AAPL) is preparing to enter the over-the-top Internet television market this year with a multichannel subscription service that would provide an alternative to more expensive cable, satellite and telco TV services. The streaming video service will launch this fall with about 25 channels, including several broadcast networks, the Wall Street Journal reported late Monday. Apple’s service would be available on iOS devices including iPhones, iPads and the Apple TV set-top box. Apple’s service reportedly will include CBS (CBS), Fox (FOXA) and Walt Disney (DIS)-owned ABC broadcast networks. NBC is not part of the subscription programming bundle, but the Comcast (CMCSA)-owned network plans to offer a stand-alone streaming app for Apple TV later this year, 9to5Mac reported Tuesday. Apple is aiming to offer the service for $30 to $40 a month. It likely will announce the service in June and launch it in September, the Journal said. The news follows…
Apple (AAPL) plans to launch a TV streaming service this fall with some 25 channels, including several broadcast networks. The service, which would seriously disrupt the cable industry, would work on any Apple iOS devices, including iPhones, iPads and Apple TV, the Wall Street Journal reported Monday night. The channels would include CBS (CBS), Fox (FOXA) and Walt Disney (DIS)-owned ABC broadcast networks, but not NBC. The monthly fee could be