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Apple has captured over 56 percent of the IP streaming devices market

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Apple, it seems, has managed to sneak its tanks into living rooms under the noses of other set-top box makers, according to market researchers at Frost & Sullivan.

The company crunched the numbers of sales of what it calls ‘IP streaming devices’ and came to the conclusion that “Apple accounts for the majority of sales by far, despite offering relatively narrow content access.”

Grabbing a 50+ percent market share with a device that, back in August 2010, then COO – and now CEO – Tim Cook called “a hobby” is not bad at all.

So what’s the secret? According to Frost & Sullivan, it has little to do with content, and everything to do with ease of use.

“Apple TV’s AirPlay feature was strategically crafted to simplify the process of transferring laptop and tablet displays to a TV screen, and it is AirPlaying – not OTT streaming – that is the primary reason for purchase of Apple TV devices.”

But the future is hazy. As noted by Frost & Sullivan, “the long-term potential for this segment does remain uncertain,” because ” while current growth rates are high, the total installed base of $99 streaming boxes is quite low.”

As far as competition goes, Roku is far behind Apple with a 21.5 percent market share, and TiVo even further behind, with a 6.5 percent share.

Share your thoughts in the comments below and don’t forget to like this post.

Source: Associated Press

 

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This entry was posted on July 18, 2013 by in Apple, Applications, Technology and tagged , , , , , , , , , , .
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