Apple May Have Dropped a Huge Hint About Its Next New Product
Updated from April 28th to include comments from Time Warner earnings call.
NEW YORK (TheStreet) -- While most analysts, investors and media observers were focusing on Apple's (AAPL) iPhone sales and China expansion, they may have missed a big hint about the company's next big thing: television.
With conspicuous enthusiasm, Apple CEO Tim Cook showered Time Warner's (TWX) HBO Now -- which recently launched on Apple devices exclusively -- with praise, noting the premium channel has "some incredibly great content." Cook went so far as to mention the new service in his opening remarks, highlighting its importance to the future of television.
"HBO Now has been incredibly popular with Apple TV users since its debut, and it has been one of the top downloaded apps on the U.S. App Store as well," Cook said on the call. At the end of the call, Cook expanded on that sentiment, emphasizing that the marriage of Apple and HBO Now is about putting great content on Apple TV, inside Apple's ecosystem.
"And so where could it go? I don't want to speculate, but you can speculate probably as good as I can about where that can go," Cook stated. "I think we're on the early stages of just major, major changes in media that are going to be really great for consumers, and I think Apple could be a part of that."
Update: On Time Warner's earnings call on Wednesday, Jeff Bewkes furthered the idea that Apple may launch its own service. "We're pretty confident that Apple will do that," Bewkes said.
Posted by: Kris Murray <krismurray@gmail.com>
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