Apple Unveils New Streaming Platform; Apple TV+ to Compete with Amazon, Hulu and Netflix

Apple unveiled its new streaming platform, Apple TV+, at an event Monday March 25, 2019. CBS News’ Jamie Yuccas attended the event at the Apple headquarters in Cupertino, Calif., and joined CBSN with the latest.

Apple announced Monday March 25, 2019 that it will produce original content on Apple TV+ to compete with sites like Netflix and Hulu. Apple also announced Apple Card coming later this year. Updates to Apple services including the App Store, Apple Pay and iNews were also announced.

MarketWatch technology editor Jeremy Owens and Chatham Road Partners Director Colin Gillis on whether Apple’s new video service will hurt Netflix.

Chatham Road Partners Director Colin Gillis does not think that Apple’s new video service will hurt Netflix.

Colin Gillis does not think Apple News+ will save the magazine industry, and does not think the Apple News+ will be a big deal for stockholders. Gillis would not buy Apple; he still think Apple is not a good software company.

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Apple introduced TV Plus with two original Oprah series at its keynote today, as well as Apple News Plus, Apple Card, Apple Arcade, and more channels on Apple TV. To help unveil the shows on Apple TV Plus, directors, actors, and actresses, including Oprah Winfrey, Reese Witherspoon, Steven Spielberg, Jason Momoa, Steve Carell, Alfre Woodard, Sesame Street’s Big Bird, and Kumail Nanjiani joined the stage.