Apple to hold event on March 25; television and video service announcement expected GlobeBusiness
Apple Inc on Monday invited media to a March 25 event at the Steve Jobs Theater on its campus in Cupertino, California, where it is expected to launch a television and video service.
In its invitation, Apple did not specify the focus of the event and gave a single-line description: “It’s show time.”Apple has long hinted at a planned video service, spending $2-billion in Hollywood to produce its own content and signing major stars such as Oprah Winfrey.
The potential sales from a television service have become a focus of investors after Apple in January reported the first-ever dip in iPhone sales during the key holiday shopping period and said it would lower iPhone prices in some markets to account for foreign exchange rates.
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