According to reporting by Bloomberg News this afternoon, Apple Inc. (NASDAQ:AAPL) is planning to announce a new Apple TV set-top box in April, and is presently in negotiations with Time Warner Cable Inc (NYSE:TWC) and other partners to provide content for the device that will plug directly into a TV. While Apple would like to unveil the device in April, Bloomberg is citing two unnamed people close to the matter saying that the device would go on sale in time for the holiday season.
Why the delay in Apple TV’s launch?
Those plans would be subject to change based on Apple Inc. (NASDAQ:AAPL)’s intention to secure multiple content partners before the device reaches the public. The device will have a faster processor than the present Apple TV and a much needed revamp on the interface that would allows easier navigation between movies, TV shows, and other content. If Apple is able to secure a deal with Time Warner, it would mark the first such deal with a cable or satellite provider.
Dan Loeb’s Third Point Re To Merge After Years Of Losses
Last week, Third Point Re insurance, which is backed by US hedge-fund manager Daniel Loeb, said it would merge with Sirius International Insurance Group in a cash-and-stock deal worth around $788 million. The deal comes at a pivotal time for both companies. Third Point Re To Merge After Years Of Losses Early last year, reports Read More
When contacted by Bloomberg, Tom Neumayr, a spokesman for Cupertino, California-based Apple, declined to comment, as did Marueen Huff, a spokeswoman for New York-based Time Warner Cable.
Given Apple Inc. (NASDAQ:AAPL)’s slowing sales and profit in recent quarters, CEO Tim Cook has hinted at, almost promised, that 2014 would be a year full of new innovations from Apple. It’s believed that Apple will release a smartwatch this year in addition to this reworking of Apple TV.