Apple Streaming Video Reveal Is All Sizzle, No Steak, Analysts Say
Summary
Wall Street wasnt impressed by the cavalcade of stars Apple ( AAPL ) trotted on stage Monday to tout its upcoming video-on-demand offering. At the company event Monday , big-name actors and filmmakers talked about their craft, described their upcoming shows and offered snippets of video. Actors promoting original series at the event included Jennifer Aniston, Steve Carell, Jason Momoa, Kumail Nanjiani, Reese Witherspoon and Alfre Woodard. The fact that Apple didnt announce pricing or show full trailers for its marquee content suggests that the service is not as well developed as previously thought, he said. Apples limited content is a major knock on the video service, JPMorgan analyst Samik Chatterjee said in a report to clients.
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