Tech Info: Apple Signs Deal with Samsung TVs
TECH INFO – On Sunday, Samsung Electronics confirmed plan to place an app on its smart televisions in the upcoming months. Further, this is to primarily allow owners to watch content from the iTunes service of Apple Inc. The move reflected a potential sign that Apple is seeking ways for the distribution of its forthcoming television service on devices.
Moreover, the decision is part of Apple’s current strategy shift. The tech company is presently having a softening pace of hardware sales in China and a saturated global smartphone market. Reports also revealed that users prefer to stay longer on their old iPhones in a longer span of time. This phenomenon hit the company’s biggest business.
With this reality, Apple Inc is now increasingly depending on its services segment. These businesses are the following: iCloud storage and music along with the television and movie content businesses.
According to Apple, it already announced numerous high-profile deals for original television content. One of them is the upcoming show with Oprah Winfrey. However, it didn’t discuss plans about the show’s distribution process and date of release.
There is a possibility that the Samsung deal will help Apple to distribute its contents to other tech companies’ devices. Presently, Apple creates the Apple TV. This device connects to a full television set, however, there was no full set produced yet.
Samsung stated on Sunday, in line with the revealed deal, expressed plans to add an app to its televisions. Moreover, Samsung said it will add the AirPlay 2 of Apple software to enable iPhone users to watch content from their device and directly to Samsung televisions.
Tech Info: Start-ups optimistic about China’s plan to launch Nasdaq-style tech board
China has expressed ambitions for the creation of a Nasdaq style board. This plan shocked China’s startups who are optimistic about the possibility that they can avoid the complexity of IPO hurdles and more convenient access to funding.
In earlier November, President Xi Jinping announced the plan of Shanghai regarding the creation of a “technology innovation board.” The said plan opened a lower listing threshold that could potentially discard the requirement that startups should be profitable.
As per China, the move is a potential strategy to counter US curbs on its technology companies. Further, it could also direct the next generation of high-tech firms. Alibaba Group and Tencent Holdings, few of China’s well-known brands, are in both New York and Hong Kong listings.
Globally, companies in China made $64.2 billion through initial public offerings (IPOs). This was close to almost a third of the worldwide total. However, Refinitiv data showed Shanghai and Shenzhen listings only generated 19.7 billion. This was lower in comparison to the $35 billion generated in Hong Kong.