Cablevision Systems Corporation (CVC), Apple Inc. (AAPL): Profiting From the Battle for the Future of Television: Part 3

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Google Inc (NASDAQ:GOOG) is taking a slightly different approach that equally fits into its strategy. Chromecast acts as a TV enhancement but essentially functions next to other options. Google isn’t exactly challenging cable and satellite providers, but neither is it leaving them alone. As the importance of YouTube continues to increase, and “Internet TV” becomes more of a possibility, a device like Chromecast is perfectly positioned to make Google and YouTube the cheap and easy way to jump into the market for most consumers. Long-term, Chromecast should be significant for Google.

In terms of these stocks beyond this niche, each is attractive and worth owning. Apple Inc. (NASDAQ:AAPL) continues to look undervalued at current prices, and if the company can catch its stride again, it should perform. Google Inc (NASDAQ:GOOG) continues to roll out new technologies and into new markets, showing that its days of innovation are far from over. As such, I like both names, on both the media story and overall.

To look beyond this series and dive further into the battle for your home entertainment dollar, you should check out The Motley Fool’s shocking video presentation. It reveals the secret Steve Jobs took to his grave and explains why the only real winners are these three lesser-known power players that film your favorite shows. Click here to watch today!

The article Profiting From the Battle for the Future of Television: Part 3 originally appeared on Fool.com.

Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Amazon.com, Apple, Google, and Netflix.

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