Zoom Video Silently Makes Its Debut On Apple TV 4K: Here's How You Can Use It
Portfolio Pulse from Benzinga Neuro
Zoom Video Communications Inc. (ZM) has launched its video conferencing software on Apple Inc.'s (AAPL) Apple TV 4K. The app, 'Zoom for Home TV', allows users to host and join meetings using the Continuity Camera feature with an iPhone or iPad running on iOS 17. This integration requires a stand like the Belkin MagSafe Mount, as the Apple TV lacks a built-in camera. The move follows Zoom's strong Q3 financial results, with a 3.2% increase in revenue year-over-year and an 18th consecutive EPS beat.
December 04, 2023 | 1:15 am
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POSITIVE IMPACT
Apple's collaboration with Zoom to bring the video conferencing app to Apple TV 4K may enhance the value proposition of its hardware and could lead to increased user engagement.
Apple's inclusion of Zoom on its Apple TV 4K platform may be seen as an enhancement to its product ecosystem, potentially leading to increased user engagement and sales. While this is a positive development, the impact on Apple's stock may be more muted compared to Zoom, as Apple has a more diverse product portfolio and revenue stream.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Zoom's new app for Apple TV 4K could enhance its market presence and user base, building on its positive Q3 financial performance.
The launch of Zoom on Apple TV 4K is likely to be viewed positively by investors as it represents an expansion of Zoom's service platform, potentially increasing its user base and usage. Given the recent strong financial results, this move could be seen as a continuation of Zoom's growth strategy, which may positively influence the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80