Apple (AAPL) Not Yet Ready for a Full Blown TV
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Rating Summary:
45 Buy, 29 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2
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The elusive Apple (Nasdaq: AAPL) iTV just got more... well... elusive.
Today, Pacific Crest analyst Andy Hargreaves said an Apple full-fledged television seems "extremely unlikely" near term. He based his view on meetings with CFO Peter Oppenheimer and SVP for Internet Software Eddy Cue.
Hargreaves said while Apple could make a better user interface for the TV, the key problem lies in the concentrated ownership of content.
"Unfortunately for Apple and for consumers, acquiring rights for traditional broadcast and cable network content outside of the current bundled model is virtually impossible because the content is owned by a relatively small group of companies that have little interest in alternative models for their most valuable content," Hargreaves comments. "The differences in regional broadcast content and the lack of scale internationally also create significant hurdles that do not seem possible to cross at this point."
Today, Pacific Crest analyst Andy Hargreaves said an Apple full-fledged television seems "extremely unlikely" near term. He based his view on meetings with CFO Peter Oppenheimer and SVP for Internet Software Eddy Cue.
Hargreaves said while Apple could make a better user interface for the TV, the key problem lies in the concentrated ownership of content.
"Unfortunately for Apple and for consumers, acquiring rights for traditional broadcast and cable network content outside of the current bundled model is virtually impossible because the content is owned by a relatively small group of companies that have little interest in alternative models for their most valuable content," Hargreaves comments. "The differences in regional broadcast content and the lack of scale internationally also create significant hurdles that do not seem possible to cross at this point."
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