The Apple TV streaming media device could be a DVD killer, according to one analyst. “It’s conceivable” that the device could carve out 20 to 30 percent of the $26 billion DVD market in a few years, said Deutsche Bank analyst Chris Whitmore.
Annual consumer spending on movie and TV downloads will top $4 billion in 2011, up from $111 million last year, according to a study by Adams Media Research. “The Internet is going to revolutionize the distribution of video,” says the firm.
Podcasting and online audio service Odeo is up for sale. “In the last few months, we here at Obvious have been increasingly focused on Twitter. As a result, our original product, Odeo, has not gotten the attention it deserves,” the company said.
Following a meeting with Apple executives, Prudential Equity Group analysts said the company expects most of its future iPhone sales to happen at its retail stores where consumers can be shown the device’s features.