Chalk up another one for the cable cord cutters! It looks like Apple is entering the ever-growing streaming TV service market. The popular electronics giant is currently working on its own streaming service that could offer up to 25 popular channels CBS, ABC, FOX and FX.
Apple is entering an increasingly crowded marketplace as CBS, HBO and Dish Network are all trying to hop on the cord-cutting bandwagon. Apple's service would work with all the company's gadget like iPhones, iPads and Apple TV. News of the upcoming service comes on the heels of Apple's announcement that it's cutting the price of Apple TV from $99 to just $69.
Is this just one more step toward the tipping point when cable and satellite subscriptions become irrelevant?
If Apple can lock down 25 channels, it would be one of the more robust streaming options available. Dish Network's Sling TV offers 20 channels, including ESPN, Disney Channel and TBS for $20 per month. So, Apple might have the edge on programming, but the price could make or break its success in the marketplace.