Apple (AAPL) iTV Coming Later this Year - Analyst
"After a dry spell of "iTV" data points, many investors have thrown in the towel on the timing of this new product; however, we believe "iTV" will launch before the year is finished and in time for the holidays," White said. Commentary from White comes after a China-Taiwan tech tour.
White sees the device coming with a ring-shaped accessory ("iRing") which will allow users to control the iTV. In addition, a "mini iTV" would allow users to view content on a smaller 9.7 inch display.
"The "iTV" ecosystem represents a major innovation for the $100 billion LCD TV industry that will revolutionize the TV experience forever, in our view," he said.
The analyst believes Corning (NYSE: GLW) will be an important provider of LCD glass on this project.
White maintained a Buy rating and price target of $888 on Apple.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $429.79 yesterday, with a 52 week range of $419.00-$705.07.