Apple Announces Web TV Service

Apple announced plans this week to launch their own web TV service -- which would likely offer around 25 over-the-top channels from major broadcasters, and cost $30 or $40 per month. The service, which is rumored to become available in September of this year, will likely only work with Apple hardware, including the iPhone, iPad, and Apple TV. According to TechCrunch, "If the company does really launch a streaming TV service this fall, expect TV hardware to be viewed in a new light, by both Apple and consumers alike." Read more about Apple's upcoming web TV service, and its potential to shake up the industry here.