AT&T (NYSE: T) and Apple (NASDAQ: AAPL) seem like very different companies on the surface. Yet both have joined the streaming media frenzy, launching streaming services to capitalize on the cord-cutting trend. The move isn't just about a new revenue opportunity.
Both see streaming video as one component of a larger ecosystem. The goal is to attract and retain customers by creating a series of indispensable services that complement and build on each other.
How well has the strategy succeeded for each? That question can't be answered without considering the coronavirus pandemic's impact, which introduced a disruptive wild card to everyone's best-laid plans. We'll look at both companies in light of the pandemic's effects to determine which is the better investment.
Source Fool.com