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Apple TV Revenue Hit Over $1B In 2013

Feb 28 2014, 7:26pm CST | by

11 Updates
Apple TV Revenue Hit Over $1B In 2013
 
 

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Apple TV Revenue Hit Over $1B In 2013

At the annual Apple shareholder meeting, CEO Tim Cook discussed the traction of the Apple TV in 2013. Cook revealed that the Apple TV generated over a “billion dollars of revenue last year.” Apple used to consider the $99 set-top box as a “hobby” product, but it has clearly grown by leaps and bounds since then.

“It’s a little more difficult to call it a hobby these days,” said Cook at the meeting via Reuters . Cook refused to discuss products under development because he did not want to give the competition any ideas.

The $1 billion milestone was not entirely based on the hardware sales of the set-top box. It also included the movie and TV show purchases that passed through the Apple TV. Cook did not disclose how many Apple TV units were sold for the year. The Apple TV is used for watching Internet video from third parties and to wirelessly stream content from iOS devices.

Despite the tension leading up to the annual shareholders meeting, all of Apple’s board members were re-elected. Many of Apple’s investors question how the company uses its cash. For example, activist investor Carl Icahn insisted that Apple buys back an additional $50 billion in shares beyond the existing buyback program.

Icahn dropped the buyback push on February 10th after proxy advisory firm Institutional Shareholder Services told shareholders to vote against him. Cook said that investors should not focus on short-term gains because the company is here for the long term.

[Image Credit: Apple.com ]

Source: Forbes

 

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Apple TV Is A Huge Cash Cow, Which Is Why Apple Is In No Rush To Make It Better

Source: Apple Balla

Apple Stores Mark Earth Day, Day After Announcing New Green Initiative
There is one thing standing between Apple TV and being the number one media player, and that’s the enormous pile of money it’s making. According to the firm, Apple TV has now made $1 billion in ...
Source: Apple Balla   Full article at: Apple Balla 2 days ago, 5:30pm CDT
 

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Update: 9

Apple TV Is A Huge Cash Cow, Which Is Why Apple Is In No Rush To Make It Better

Source: Apple Balla

Apple Stores Mark Earth Day, Day After Announcing New Green Initiative
There is one thing standing between Apple TV and being the number one media player, and that’s the enormous pile of money it’s making. According to the firm, Apple TV has now made $1 billion in media ...
Source: Apple Balla   Full article at: Apple Balla 2 days ago, 5:30pm CDT
 

Update: 7

Apple announces 2014 iTunes Festival lineup, ticket lottery

Source: MacNN

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iTunes Extras arrives for Apple TV, iOS 8 later this year

Source: CNet

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iTunes Extras arrives for Apple TV, iOS 8 later this year

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Apple Unveils Enhanced iTunes ‘Extras’ for Apple TV, as Studios Push Digital Movie Sales

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Source: Latino Review  Full article at: Latino Review Jul 10 2014, 11:05am CDT
 

Update: 2

Roku outpaces Apple TV in US sales growth and usage for 2013, report says

Source: AppleInsider

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Roku beats Apple TV - again - on usage, purchases

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