Why Google Inc (GOOG)’s Chromecast Will Benefit Apple Inc. (AAPL), Too

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3. Google isn’t done adding services. While today’s Chromecast only offers access to YouTube, Chrome, Netflix, Inc. (NASDAQ:NFLX), and Google Play, the search king says there are plans to add support for other services. The simple act of supporting streaming of local content (e.g., a TV episode bought in iTunes and downloaded to an iPad) could disrupt Apple Inc. (NASDAQ:AAPL) TV while also catering to tens of millions of Apple’s best customers.

Whatever happens next, it’s a sure bet that neither Google Inc (NASDAQ:GOOG) nor Apple Inc. (NASDAQ:AAPL) is done making products that revolutionize the way we consume televised content. That’s good news for investors in both companies, and bad news for the cable and satellite incumbents they’re disrupting.

Now it’s your turn to weigh in. Will you be buying Google Inc (NASDAQ:GOOG)’s Chromecast? Do you see the device as a threat or an opportunity for Apple Inc. (NASDAQ:AAPL)?

The article 3 Reasons Google’s Chromecast Will Benefit Apple, Too originally appeared on Fool.com.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Apple, Google, and Netflix at the time of publication. He was also long January 2014 Netflix $50 call options. Check out Tim’s Web home and portfolio holdings, or connect with him on Google+Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool recommends and owns shares of Apple, Google, and Netflix.

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