Apple Plans Subscription Video Service

Apple “is about to launch a new video-focused cloud-based service,” Jefferies analyst Peter Misek asserts in a research note. Misek thinks Apple is going to offer a “new far reaching cloud-based service that is more than just a music or content locker and focused on video.” He adds that Apple’s push into the living room “is likely to include a new device,” although he adds that he isn’t sure what it will be.