Apple has hinted at the likelihood launch of its streaming services soon. On Tuesday, Apple sent out invites for its upcoming event in Cupertino on March 25.
As usual, the invitation stays simple with an animated countdown GIF. The showreel has “It’s show time” tag, suggesting at the long-expected Apple TV service. An update of the Apple News subscription service is also expected at the upcoming event.
Earlier last month, the word was out about a March-end event wherein the company will reportedly focus exclusively on services. The streaming and news services are both likely to be subscription-based.
The video service is designed to rival offerings from Netflix Inc. and Amazon.com Inc. It will broadcast Apple-developed or funded TV shows and movies with the ability to subscribe to content, says report. In the meantime, Apple News subscription service expects to offer a Netflix-style bundle for magazines and subscription newspapers all in one convenient place. The magazine subscription service will be powered by Texture which Apple acquired last year.
All the above services will roll out with iOS 12.2 update.
Apple’s services business is on pace to generate $50 billion per year by 2021, the company had said
There is an indication that Apple is pushing for more revenues from software as the hardware margin is on a decline. As the company will be targetting the service to a captive users base on million of its devices, there is a high chance that these services will kick off on a high.