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Steve Kovach, CNBC.com’s Posts
Apple priced its streaming video service, Apple TV+, at $4.99 per month, which is cheaper than any other major service. It’s also giving customers a year of Apple TV+ for free if they buy a new iPhone, iPad, Mac or Apple TV box.
Apple says it will buy Intel’s modem business for $1 billion. The deal is expected to close by the end of 2019.
Apple’s CEO Tim Cook responded to a critical Wall Street Journal story about Jony Ive’s departure from the company in an email to NBC News.
Apple said in a letter to U.S. trade representative Robert Lighthizer released Thursday that tariffs on its products would hurt its contribution to the U.S. economy.
Google has a YouTube problem, according to CFO Ruth Porat.
On Monday, after reporting that ad revenue grew 15% versus the 24% it saw a year ago, Google’s parent company Alphabet saw its stock punished. It fell nearly 8% Tuesday morning.