The Christmas spirit has set in early for
Verizon Communications Inc.
) FiOS customers as the TV app of the same is now available on
) Xbox One gaming console. Notably, FiOS is the fibre optic based
bundled internet, telephony and video service of Verizon.
The app is available only in the U.S. and can be downloaded by
FiOS Internet and TV subscribers, who are also Xbox Live gold
members. Subscribers can watch live cable television on their
Xbox by using the free app. Customers can choose up to 74
different channels depending on their package and include some of
the most popular ones like HBO, NFL Network and Comedy
No additional cable box is required for the service and
customers can avail the voice and gesture commands to control the
TV through Xbox One Kinect. Customers can customize their
personal favourite programs through Xbox OneGuide or can place
their favourite apps and contents to the home
) launched its Xfinity app on Xbox in Mar 2012, while
Time Warner Cable Inc.
) released TWC TV app in the summer of 2013. However, none of the
other companies have so far tried their TV app on the new gaming
console, making Verizon the first company to launch it on Xbox
One. Verizon initially launched its FiOS TV app on Xbox 360 in
Verizon reported solid FiOS sales in the third quarter of
2013. During the reported quarter, Verizon added 135,000 and
173,000 new customers to its FiOS Video and FiOS Internet
services, respectively. The company exited the quarter with 5.2
million (up 12.6% year over year) FiOS Video customers and 5.9
million (up 12.6%) FiOS Internet subscribers.
With Christmas around the corner, the sale of console is only
expected to rise. We believe Verizon has strategically timed the
release of the app on the console to tap new gaming customers.
With Verizon's superfast speed and reliability as well as
Microsoft's technological advancement, customers can expect a
seamless video streaming experience on their console.
Verizon currently holds a Zacks Rank #2 (Buy).
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