Apple details new magazine, news app at services event

CUPERTINO, California — Apple on Monday laid out the details of its news subscription service, Apple News Plus, at an event Monday. It’s also expected to launch a video service that could compete with Netflix, Amazon and cable TV itself.

The news service costs $10 a month and includes roughly 300 magazines and a handful of major newspapers, including The Wall Street Journal and the Los Angeles Times. Missing from the announcement were other major newspaper publishers, who have reportedly been wary of Apple’s terms.

The company also said it is launching a credit card called Apple Card.

Apple is making the announcements at its Cupertino, California, headquarters during an event likely to be studded with Hollywood celebrities. The iPhone has long been Apple’s marquee product and main money maker, but sales are starting to decline. The company is pushing digital subscriptions as it searches for new growth.

Apple is making the announcements at its Cupertino, California, headquarters during an event likely to be studded with Hollywood celebrities.

The video service is a long-awaited attempt from the iPhone maker, several years after Netflix turned “binge watching” into a worldwide phenomenon.

The new video service is expected to have original TV shows and movies that reportedly cost Apple more than $1 billion — far less than Netflix and HBO spend every year.

Making must-have TV shows and movies that are watchable on any device has propelled Netflix into a force in both Silicon Valley and Hollywood.

But Apple remained focused on making on gadgets: iPhones, iPads, computers and its Apple TV streaming box for TVs. Apple co-founder Steve Jobs began toying with the idea of building a powerful TV business, but he couldn’t pull it off before his death in 2011. It has taken his successor, CEO Tim Cook, nearly eight years to draw up the script that the …read more

Source:: Deseret News – Business News

Long-awaited video service expected from Apple on Monday

Apple is expected to announce Monday that it’s launching a video service that could compete with Netflix, Amazon and cable TV itself.

It’s a long-awaited attempt from the iPhone maker, several years after Netflix turned “binge watching” into a worldwide phenomenon.

The new video service is expected to have original TV shows and movies that reportedly cost Apple more than $1 billion — far less than Netflix and HBO spend every year.

Also expected is a subscription service consisting of news, entertainment and sports bundled from newspapers and magazines.

Apple is making the announcements at its Cupertino, California, headquarters during an event likely to be studded with Hollywood celebrities.

The iPhone has long been Apple’s marquee product and main money maker, but sales are starting to decline. The company is pushing digital subscriptions as it searches for new growth.

Making must-have TV shows and movies that are watchable on any device has propelled Netflix into a force in both Silicon Valley and Hollywood.

But Apple remained focused on making on gadgets: iPhones, iPads, computers and its Apple TV streaming box for TVs. Apple co-founder Steve Jobs began toying with the idea of building a powerful TV business, but he couldn’t pull it off before his death in 2011. It has taken his successor, CEO Tim Cook, nearly eight years to draw up the script that the company will now try to execute.

“Apple is very late to this game,” eMarketer analyst Paul Verna said. “Netflix has become the gold standard in how to create and distribute content, using all the data they have about their viewers.”

Netflix’s prowess has attracted 139 million subscribers worldwide. But Apple will have several other deep-pocketed competitors fighting for consumers’ dollars. Amazon has also become a formidable force in video streaming. Walt Disney Co. is launching its own service this year, armed with an …read more

Source:: Deseret News – Business News

Survey: Business economists see slowdown in growth this year

WASHINGTON — The nation’s business economists foresee a sharp slowdown in U.S. economic growth over the next two years, in sharp contrast to the Trump administration’s predictions that growth will accelerate this year and next.

That finding comes from the latest survey by the National Association for Business Economics being released Monday. Its economists collectively project that growth, as measured by the gross domestic product, will reach a modest 2.4 this year and just 2 percent in 2020. Among the key factors in their dimmer assessment are a global slowdown and the ongoing trade conflicts between the Trump administration and several major trading partners.

Still, the NABE economists say they think a recession remains unlikely any time soon.

For 2018, economic growth amounted to 2.9 percent, the government has estimated. The economy benefited last year from tax cuts and increased government spending, the gains from which are now thought to be fading. It’s one reason why most economists foresee a more sluggish pace of growth.

The new NABE projections, from a panel of 55 professional forecasters, represent a significant drop from their previous forecast in December of 2.7 percent growth this year. And their estimate is much lower than the Trump’s administration’s new projection that GDP growth will remain above 3 percent this year and over the next six years.

But the administration is already projecting huge deficits above $1 trillion over the next four years. If growth falls short of its optimistic forecasts, those deficit figures could soar even higher and inhibit the economy’s ability to accelerate.

The NABE forecast is in line with the updated outlook that the Federal Reserve released last week. The Fed projected that GDP growth would slow to 2.1 percent this year and 1.9 percent in 2020, having downgraded its previous estimates to take account of the global slump and …read more

Source:: Deseret News – Business News

Traeger’s smart grills get smarter for 2019

SALT LAKE CITY — Even a casual perusal of social media nodes reflects that Traeger Grill’s goal of creating a “more flavorful world” is one that’s resonating with its rabid audience.

Earlier this month, following the company’s release of a slate of updates to its wood pellet grills, as well as a new model, its enthusiastic audience jumped in with tens of thousands of posts and pictures of their own grilling successes on Traeger cookers.

Denny Bruce, Traeger’s executive vice president of global sales and marketing, said while the company likely has the most advanced designs of any of its competitors, the focus has always been on what comes out of the grill as much was what goes into it.

“We arguably have the most technological products in the space,” Bruce said. “But, it’s all about what it creates. When individuals have this great output, creating amazing food on their Traeger … of course they want to share it.”

Bruce said the company has revamped its product line for 2019 with updates to previous models as well as an entirely new entry, the Ironwood. While the ability to monitor and control the cookers via a Wi-Fi-enabled smarthpone app have now been extended beyond the top-end Timberline, Bruce said a new motor and augur, the apparatus that feeds the wood pellets into the firebox, have been completely redesigned and the result is significant.

The new “transmission,” Bruce said, includes an upgraded, brushless 20-volt electric motor and single-piece direct auger that can feed pellets in at a variable rate, versus the old single-speed system, leading to “more consistent temperature control … and a reduction time-to-temperature by 30 percent.”

The WiFIRE smartphone control system is also available with the new Ironwood grills as well as select models of the Pro series. The app not only …read more

Source:: Deseret News – Business News