Gene Munster Confirmed With Suppliers That Apple Is Working On HDTV
Piper Jaffray Senior Research Analyst Gene Munster told investors on Tuesday that he recently spoke to a major TV component supplier to learn more about Apple’s rumored plans to release a connected HDTV. The supplier confirmed with Munster that Apple did contact them “regarding various capabilities of their television display components.”
Munster said that he viewed this news as “continued evidence that Apple is exploring production of a television.” Munster has evidence that Apple had meetings in January 2011 in Asia to invest in manufacturing facilities for LCD displays that would be as large as 50 inches.
Apple may release the TV as early as late 2012. The bottleneck of the upcoming HDTV product is that movie and TV studios are resisting from providing content to Apple. Piper Jaffray is projecting that Apple could sell 1.4 million of the 106 million Internet-connected TVs this year. Revenues from the device. This translates to $2.5 billion in 2012. Apple HDTV revenues could hit $4 billion in 2013 and $6 billion in 2014.
In the biography written by Walter Isaacson, Steve Jobs revealed that he had finally “cracked” the television industry.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry