What Apple's Rebirth as a Services Company Means for Its Bottom Line

The transcript discusses Apple's entry into the streaming market with its new service, Apple TV Plus. It highlights Apple's strategy to reach a global audience by making its app available on smart TVs and not just Apple devices. The discussion covers Apple's shift from hardware to services, the competition with Netflix, and the potential market impact. Despite uncertainties, Apple's existing success with services like Apple Music suggests potential success in streaming. The coexistence of multiple streaming services is also explored, with Apple expected to capture significant market share without necessarily harming competitors like Netflix.

In what ways is Apple transitioning from a hardware company to a service provider?

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What role does user base size play in the success of Apple's streaming service?

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