The Apple television set will be released next year according to Asian research group CLSA instead of this year, which is different from what most analysts are saying. CLSA is also saying that Foxconn parent company Hon Hai deciding to invest in Sharp is further evidence that an Apple TV set is coming. Sharp is supposedly going to be providing the panels for Apple’s TV set. Below is a note from CLSA:
We continue to view Apple TV hardware as a 2013 event. The timing of Hon Hai/Foxconn’s equity stake and partnership with Sharp along with Hon Hai Chairman Terry Gou’s separate 46.5% investment in Sharp’s Sakai City plant lends further credibility that Apple TV is in the works. This also follows reports that Apple is investing ~$1.3bn in equipment destined for Sharp facilities. The fact that Hon Hai is investing rather than just procuring panels from Sharp underscores a deeper level of integration which Apple/Hon Hai are accustomed to, increased reliability as Sharp has struggled with iPad3 qualification, and an effort to improve Sharp’s financial position before becoming a more meaningful supplier to Apple. We also believe Corning has an 83% market share at the Sakai facility and would ultimately benefit from improving utilization that is expected to happen over time. Sharp accounted for 10% of Corning’s overall sales and 25% of its display sales in 2011
Most clients agree that a TV is coming; the critical question becomes how the video providers fit into the equation and how apple’s offering would/could differ from current tv’s beyond ios/icloud. Biggest commentary yesterday centered on LG Display as the big loser.