"iPhone sales slump and AT&T details new online video service"
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iPhone sales slump and AT&T details new online video service
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Apple reported its financials.
The good news is, Apple beat analyst expectations and sold 45.5 million iPhones in its fourth fiscal quarter.
The bad new is, iPhone sales are down year over year.
Revenue and profit declined for the third consecutive quarter.
However, the company projected revenue in its next quarter will be somewhere in the $76 to 78 billion range.
That it feeds analysts' estimates.
AT&T CEO Randall Stephenson announced that the company's online video streaming service, known as DirecTV Now, will cost $35 per month and offer over 100 channels.
The pricing is very aggressive as rival Dish Network sells a similar service for $20 per month with a lineup of 30 channels.
Sony's 100 plus channel package costs $55 per month.
AT&T's DirecTV Now is expected to launch in November.
Microsoft is holding a hardware event today.
The company is expected to talk about the next build of Windows 10 and is rumored to introduce a new all-in-one PC under its Surface brand.
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