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Comcast's Giveaway Is Exactly What Steve Jobs Feared

TheMotleyFool

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Telecom and media conglomerate Comcast (NASDAQ: CMCSA) made waves last week when it announced that it would be giving free media streaming players to internet-only customers in an aggressive effort to appeal to cord-cutters. Historically, cable operators would only provide set-top boxes to video customers that have higher monthly bills. The new offer will help Comcast build its competing over-the-top (OTT) video platform, which tanked Roku (NASDAQ: ROKU) shares after investors fretted about intensifying competition.

The situation also happens to be exactly what Steve Jobs feared.

Image source: Comcast.

Source Fool.com

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