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Possible buyers range from very wealthy individuals seeking a trophy asset to media businesses looking for something more strategic. “I wouldn’t rule anyone out,” Douglas McCabe, media analyst at Enders, said.
Apple's first headset is an experimental offering, but promises to be version one of a compelling but controversial device category.
The Vision Pro is not being pitched as a metaverse device, and not just because Apple refused to use the term. Applications are focused on where a good experience can be delivered today.
Contrary to expectations, Meta could be the main beneficiary in the short term, as the Apple halo boosts the headset category's respectability and developer focus.
“Don’t expect Apple to sell millions of these – the manufacturing capacity isn’t there, for a start,” says Joseph Teasdale, of Enders Analysis.
“Success will be the early adopters finding new and useful ways to fit the device into their daily lives, and developers building a software ecosystem for it. Failure will be a few hundred thousand Vision Pros languishing in drawers, or being dragged out at parties as a novelty.”
He added “This is going to take a lot of time and money to get right, but the end vision is pretty compelling. Apple’s latest product gives us just a hint of something that could one day replace the other screens in our lives.”
Media analyst Claire Enders said that the parachuting in of the new COO was a “clear sign” of further cost-cutting to come at the broadcaster. “CNN has global scale in news, just as the BBC does but with thankfully a commercial model attached, albeit not the one it once had. Warner Brothers Discovery, however, is making savage cost cuts everywhere due to rising debt costs. Unfortunately, the costs of covering news is rising especially as conflicts multiply.”
Indeed, with the exception of the pandemic when advertisers stopped spending, ITV has seen its revenue increase every year over the past 10 years. “The UK broadcasting ecosystem is unlike any other in the world,” explains Tom Harrington, TV analyst at Enders Analysis. “Most countries have a number of big commercial broadcasters. In the UK there’s just ITV and it is still huge. The number of people watching TV is declining but still there’s nowhere else for advertisers to go to reach millions of people. I’m not saying it’s immune to scandal but there are very few people whose departure would hurt ITV overall – probably only Kevin Lygo, the programming boss.”
Mobile service revenue growth slowed again this quarter—now at +3%—as the impact of the 2022 price rises waned further, but a strong B2B performance for some compensated for consumer weakness.
Q2’s boost from bumper price rises will unwind over the following quarters as customers re-contract and face much lower increases next spring due to the inflation outlook.
Given the temporary nature of in-contract price rises, and the more permanent nature of elevated cost bases, new-customer pricing now appears to be edging upwards, and the case for consolidation is strengthened.
Sticking could well be worthwhile. After all, James Barford, of Enders Analysis, says Drahi seems to have every intention of doing so, having learnt patience from his experience of full-fibre roll-outs in France and the US.
Barford comments: 'BT is on a journey, but it is a journey that has been well mapped out.'
