Google Chromecast Almost Doubles Apple TV Sales

Sales of Chromecast from
Alphabet IncGOOGGOOGL
's Google have surpassed
Apple Inc.AAPL
TV during the first quarter, according to the
recent data
from
IHS Inc.IHS
.

IHS said Apple TV shipped 1.7 million units versus Google pushing 3.2 million Chromecasts to market.

Related Link: 5 Things To Expect From Apple's Worldwide Developer Conference

"We anticipate that this reversal will persist," Merrick Kingston, principal analyst-connected home, at IHS Technology said in a statement.

"Since the introduction of the fourth-generation Apple TV, Apple and Google have pursued vastly different strategies."

Kingston said the price difference between the two products have played a huge rule in sales favoring Chromecast. Notably, Apple TV comes at $149, while Chromecast sells for $35.

Kingston said the "Apple TV has inexorably been shuttled into the segment's top end," while Chromecast, is "a veritable bargain."

IHS noted that Apple TV is a premium product for iOS users who are "intrinsically attracted to Apple's singular user-interface." On the other hand, Chromecast naturally complements portable Android devices and "offers a no-frills casting experience that obviates the very need for a user-interface."

Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsAnalyst RatingsTechMediaTrading IdeasApple TVChromecast
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...