Apple Is Planning To Launch A TV Service That Could Replace Cable

Reports are suggesting that Apple is planning to launch a subscription TV service in June, starting with 25 channels. Recently the company also lowered the price of the Apple TV.

"The technology giant is in talks with programmers to offer a slimmed-down bundle of TV networks this fall, according to people familiar with the matter. The service would have about 25 channels, anchored by broadcasters such as ABC, CBS and Fox and would be available on Apple devices such as the Apple TV, they said," according to WSJ.

Initially the yet-to-be launched streaming service will not include NBCUniversal, owner of the NBC broadcast network and cable channels like USA and Bravo, because of a falling-out between Apple and NBCUniversal parent company Comcast Corp., WSJ further noted citing 'people familiar with the matter.'

The pricing of the Apple's streaming TV service could cost about $30 to $40 a month.

The service is expected to be announced in June and will be launched in September. According to the WSJ report, the service would work across all devices powered by Apple's iOS operating system, i.e., iPhones, iPads and Apple TV set-top boxes.