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Technology Stocks : Apple Inc.

AAPL 259.35

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Jan 9 9:30 AM EST

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From: slacker711	2/18/2016 11:52:57 AM
	1 Recommendation Recommended By Doren Read Replies (2) of 213182

If we get follow through, the Apple TV business just became much bigger. techinsider.io The FCC just voted to save you a ton of money on your cable bill Cable companies are freaking out over the FCC's latest plan The FCC is trying to save you hundreds on your cable bill Comcast thinks everyone should be forced to rent cable boxes The Federal Communications Commission (FCC) just voted to end the cable company control over the set-top box market. The new rules will mandate that cable companies share necessary information with third-party manufacturers. This would enable other hardware makers to build and sell competitor devices to what the cable companies offer. Today, most customers have to rent set-top boxes from their cable providers. These uninspiring devices cost the average American household $231 a year in a additional charge on their cable bill, according to a Re/code essay by FCC Chairman Tom Wheeler arguing for the change. The new rules will let you buy your own cable box at cost for a flat cost instead of paying a monthly rental fee. It also means tech companies can start building cable boxes with better interfaces and unique features you can't find in the one your cable company gives you. During arguments before the vote today, Republican-appointed commissioners argued that the rule is irrelevant in a world where many people get video over the internet. Commissioner Ajit Pai said it would become an unnecessary burden: Right now we are en route to eliminating the need for a set top box altogether and app can turn the iPad or phone into a navigation device... The commission should be encouraging those efforts. But this proposal would do the opposite. It would divert the industry's energies from app development and toward the slog of complying with the new regulatory scheme for unwanted hardware. There's been a strong backlash from the cable industry since the proposal was announces, which makes $20 billion dollars a year on its rented cable boxes, according to Reuters. Comcast argued in an online post that the new regulations would hurt consumers by making it harder for cable companies to innovate on their own. At the same time, other companies in the tech market have shown an interest in getting into the set-top box game. Google demoed a system for congressional staffers days after Wheeler's announcement that could replace traditional cable boxes — an event cable companies strongly objected to in an email. Apple has also shown an interest in the cable box market in the past.

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