Apple set to unveil TV and news subscription service at special event

Apple is set to hold an event later today at its HQ in California in which it will reveal new TV and news subscription services.

Reports suggest the iPhone maker will introduce a subscription-based TV and film service to rival the likes of Netflix and Amazon Prime Video by offering a central hub from which users can access a range of on-demand TV services.

Any such service could also include content created and produced by the firm itself, similar to the in-house studios that both Netflix and Amazon have in place.

Apple is beginning to place more emphasis on the services aspect of its business in the wake of falling iPhone sales.

In contrast to a 15% drop in phone sales reported in its most recent quarterly financial results published at the start of the year, Apple’s services revenue was up 19% to around £8.3 billion.

The subscription announcements will come in the wake of a number of surprise device updates announced by the firm last week, including the first new iPad mini tablet in more than three years, and a second generation pair of its AirPods wireless earphones, which can be bought with a wireless charging case for the first time.

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