Apple Signals It's Working On TV+ App For Android Phones; Seeks Senior Android Engineer To Help Build New App
Portfolio Pulse from Benzinga Newsdesk
Apple is reportedly working on a TV+ app for Android phones and is seeking a Senior Android Engineer to help build the new app, according to Bloomberg.
May 29, 2024 | 7:12 pm
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POSITIVE IMPACT
Apple is developing a TV+ app for Android phones, indicating an expansion of its services to a broader audience. The company is also hiring a Senior Android Engineer for this project.
Apple's move to develop a TV+ app for Android phones suggests a strategic expansion to capture a larger market share. Hiring a Senior Android Engineer indicates a serious commitment to this project, which could positively impact Apple's service revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Apple's development of a TV+ app for Android phones could impact Google's Android ecosystem by introducing a competing service.
While Apple's TV+ app for Android phones introduces competition, it also enhances the Android ecosystem by providing more service options. The impact on Google's stock is likely neutral in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50