Apple details new magazine, news app at services event

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Apple lifted the curtain on Monday on a television and movie streaming service that will allow users of its 1.4 billion gadgets worldwide to stream television shows and movies. (AFP/Getty Images)
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Apple lifted the curtain on Monday on a television and movie streaming service that will allow users of its 1.4 billion gadgets worldwide to stream television shows and movies. (AFP/Getty Images)
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Apple on Monday laid out the details of its news subscription service, Apple News Plus, at an event Monday. (Reuters)
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The company's new video service is expected to have original TV and movies that reportedly cost Apple more than $1 billion. (AP)
Updated 26 March 2019
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Apple details new magazine, news app at services event

  • The new video service is expected to have original TV and movies
  • Apple is pushing digital subscriptions as it searches for new profit growth

CUPERTINO, California: Apple lifted the curtain on Monday on a television and movie streaming service that will allow users of its 1.4 billion gadgets worldwide to stream television shows and movies, both Apple originals and those from other creators, in a first step to challenge streaming video leaders Netflix and Amazon.

The launch was the centerpiece of an event at Apple's Cupertino, California, headquarters that focused on the technology company's services, not its hardware, as it deals with declining sales of its iPhone.

Apple also introduced updates to its payment system, launched a games arcade, and added magazines to its news app.

Hollywood celebrities trekked to Apple's home to help debut a revamped Apple TV digital storefront, called Apple TV+. Apple has commissioned programming from Jennifer Aniston, Reese Witherspoon, Oprah Winfrey and Steven Spielberg.

Apple's jump into original entertainment signals a fundamental shift in its business as sales of hardware money-makers drop off. Without another category-defining new gadget announced to the public, Apple is looking to rely more on selling subscriptions and services like video, music and hardware insurance.

Throughout their presentation, Apple executives stressed privacy protections for consumers as they shop and consume content across a range of Apple phones, iPads or other hardware. They also emphasized content that would appeal to young audiences, potentially setting the stage for a rivalry with Walt Disney.

The company led off the event with an announcement that its free news app will now come in a paid-subscription version, called Apple News+, which curates a range of news articles and will include 300 magazines including National Geographic, People, Popular Science, Billboard and the New Yorker. Apple said it would cost $9.99 a month.

Apple also introduced a titanium, laser-etched Apple Card backed by Goldman Sachs Group Inc and Mastercard Inc that can track spending across devices and pay daily cash back on purchases.

Cook also said Apple Pay, its digital wallet, will soon be usable on public transit systems in Portland, Oregon, Chicago and New York City. Apple Pay will be available in more than 40 countries by the end of the year.

With its new media push, Apple joins a crowded field where rivals such as Amazon.com's Prime Video and Netflix Inc have spent heavily to capture viewer attention and dollars with award-winning series and films.

The big tech war for viewers ignited a consolidation wave among traditional media companies preparing to join the fray. Walt Disney Co, which bought 21st Century Fox, and AT&T Inc, which purchased Time Warner Inc, plan to launch or test new streaming video services this year.

Revenue from its "services" segment - which includes the App Store, iCloud and content businesses such as Apple Music - grew 24 percent to $37.1 billion in fiscal 2018. The segment accounted for only about 14 percent of Apple's overall $265.6 billion in revenue, but investors have pinned their hopes for growth on the segment.

The company also introduced Apple Arcade, a game subscription service that will work on phones, tablets and desktop computers and include games from a range of developers.

Apple shares were down about 1 percent after about an hour of presentations at the event, which was broadcast online.


Trump complained to Twitter CEO about lost followers -source

Twitter CEO Jack Dorsey (L) and U.S. President Donald Trump. (REUTERS)
Updated 24 April 2019
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Trump complained to Twitter CEO about lost followers -source

  • Reuters reported in 2016 Trump had been angry with Twitter because it had rejected an advertising deal with his campaign

WASHINGTON: US President Donald Trump met with Twitter Inc’s Chief Executive Jack Dorsey on Tuesday and spent a significant time questioning him about why he has lost some Twitter followers, a person briefed on the matter said.
The meeting, which was organized by the White House last week, came hours after Trump again attacked the social media company over his claims it is biased against conservatives.
“Great meeting this afternoon at the @WhiteHouse with @Jack from @Twitter. Lots of subjects discussed regarding their platform, and the world of social media in general. Look forward to keeping an open dialogue!” Trump tweeted, posting a photo of Dorsey and others with him in the Oval Office.
Earlier on Tuesday, Trump suggested Twitter was biased against him without providing evidence. He wrote on Twitter that the company does not “treat me well as a Republican. Very discriminatory.”
Twitter said in a statement Dorsey had a “constructive meeting with the president of the United States today at the president’s invitation. They discussed Twitter’s commitment to protecting the health of the public conversation ahead of the 2020 US elections and efforts underway to respond to the opioid crisis.”
Unlike other major US tech company executives, Dorsey had not previously met with Trump.
He was not invited to a December 2016 meeting with president-elect Trump that featured other major tech companies. Reuters reported in 2016 Trump had been angry with Twitter because it had rejected an advertising deal with his campaign.
Trump has been upset about losing followers.
In October, Trump wrote that “Twitter has removed many people from my account and, more importantly, they have seemingly done something that makes it much harder to join — they have stifled growth to a point where it is obvious to all. A few weeks ago it was a Rocket Ship, now it is a Blimp! Total Bias?“
Any reduction is likely the result of Twitter’s recent moves to remove millions of suspicious accounts after it and other social media services were used in misinformation campaigns attempting to influence voters in the 2016 US presidential race and other elections, Reuters reported in October.
Shares in Twitter jumped 13 percent on Tuesday after it reported quarterly revenue above analyst estimates, which executives said was the result of weeding out spam and abusive posts and targeting ads better.
Trump lost 204,000, or 0.4 percent, of his 53.4 million followers in July when Twitter started its purge of suspicious accounts, according to social media data firm Keyhole.
Trump has one of the most-followed accounts on Twitter. But the president and Republicans in Congress have repeatedly criticized the company and its social media competitors for what they have called bias against conservatives, something Twitter denies.
Democratic US Senator Mazie Hirono said earlier this month “we cannot allow the Republican party to harass tech companies into weakening content moderation policies that already fail to remove hateful, dangerous and misleading content.”
Carlos Monje, Twitter’s public policy director, said at a Senate hearing earlier this month the site “does not use political viewpoints, perspectives or party affiliation to make any decisions, whether related to automatically ranking content on our service or how we develop or enforce our rules.”