Apple has sent out invites for its next event in Cupertino on March 25. The invite which starts with a showreel has the caption ‘It’s showtime’, suggesting that the event could have more to do with Apple’s long-expected streaming service. Apple is also likely to announce an update to its Apple News service.
Apple’s streaming and news services are both likely to be subscription-based the company pushes for more revenues from software even as hardware margins decline. Given that Apple will be offering the service to a captive users base on million of its devices, there is a high chance that these services will kick off on a high.
Watch: Apple iPhone XR review
The video service, which is designed to rival offerings from Netflix Inc. and Amazon.com Inc., will couple Apple-developed or funded TV shows and movies with the ability to subscribe to content, Bloomberg News had reported last month.
Apple’s services business is on pace to generate $50 billion per year by 2021, the company had said.
Bloomberg reported that the magazine subscription service will be a part of the existing Apple News app and powered by Texture which Apple acquired last year.
The services will roll out with iOS 12.2 update.