Apple Inc. (AAPL) TV, Google Inc (GOOG) Chromecast: What is the Future?

Everybody is waiting to see what Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG) can bring to the television market in the years to come.

Apple Inc. (AAPL) TV, Google Inc (GOOG) Chromecast: What is the Future?Right now, you have Apple TV and Google Chromecast. While both bring some unique features to consumers, it is hard to say how these services will perform in the years to come.

What people really want from Apple and CEO Tim Cook is an actual television set. There may be reason to believe this is coming soon, but Cupertino is keeping its lips sealed for the time being. No big surprise there.

The Performance of Apple Inc. (NASDAQ:AAPL) TV

According to recent report by Parks Associates, “annual sales of streaming connected TV devices will more than double by 2017.”

When you take that at face value, it is hard to imagine a situation in which Apple and Google Inc (NASDAQ:GOOG) are not going to be in position to take full advantage.

The real question is this: which company will devote enough time and resources to taking the lead in this market?

The study added that the number of United States broadband households with a streaming video media device, which includes Apple TV, has doubled since 2011. Right now, the number stands at 14 percent.

Does this mean Apple is way out in front? Quite the contrary. Cupertino may be ahead of Larry Page and company, but it is trailing Roku right now.

Park Associates, after conducting an independent survey, shows that 37 percent of people are using Roku compared to 24 percent using an Apple Inc. (NASDAQ:AAPL) TV.

Barbara Kraus of Parks Associates brought Google Inc (NASDAQ:GOOG) into the fold, saying that “devices such as Roku’s streaming payers and Google’s Chromecast will benefit from these market conditions.”

The television market is ripe for the picking. With so many rumors regarding both Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG), nobody really knows what to believe right now.

Is Cupertino going to announce a 55 inch television set at the end of 2013? It is possible, but there is no reason to believe this to be factual right now. Will Google come up with something bigger and better? Once again, nobody really knows.

What we do know is that this market is growing, and these companies are not going to sit back and miss the boat.

Do you feel as strongly about Apple’s future as hedge fund managers Stuart Peterson, Jeffrey Edwards, and Mark Diker?

Watch the video below for more information on Apple TV:


Recommended Reading:

Google Inc (GOOG) Moto X: Apple Inc. (AAPL) iPhone Competition or No?

Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!