The stock of Alphabet Inc (NASDAQ:GOOGL) closed at $1,006.94 losing 4.47% in yesterday’s trading session. Apple Inc (NASDAQ:AAPL) has managed to acquire original programming and that was of course after it outspent Facebook, Inc (NASDAQ:FB) and YouTube which happens to be a segment of Alphabet Inc.
The performance of Apple is remarkable and that is in close consideration of the fact that it even succeeded at outsmarting Netflix, Inc (NASDAQ:NFLX) which is a renowned streaming giant that has time and again expressed its interest in bidding for original content.
If all goes according to plan, it is expected that the business guru will soon unveil its original shows and on the same note it is worth noting that since October it has made orders of almost 12 original shows.
Facebook also understands the significant value that pulls along with the ability to generate original content. At the moment, it is looking forward to unveiling its own Watch video platform which it asserts will be staging substantial competition to YouTube.
But even with that said, it is also important to point out to the fact t that the competition would not necessarily overlap in the consumer-facing services.
Apple is determined, now much more than ever to scale up its operations in a bid to rise higher in a market characterized with shifting business dynamics. In its most recent statement, the company revealed that it was going to channel $1 billion towards the promotion of its original content ambitions and this in its own sense is great dedication.
Anyone that makes a close follow up of the sector will attest to the fact that it could manage to purchase about 10 TV shows.
Several analysts have stepped forward to heap praises on Apple for its most recent developments. However, they have given a word of advice requiring that the company be careful in most of its undertakings, one of them being the purchase of better shows. According to them, the current slate of content that the company has cannot in any way compete with the likes of Bojack Horseman and House of Cards.