Apple (AAPL) iTV Coming Later this Year - Analyst
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Price: $314.33 -0.94%
Rating Summary:
45 Buy, 28 Hold, 8 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 13 | Down: 22 | New: 8
Rating Summary:
45 Buy, 28 Hold, 8 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 8
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As speculation swirls that the project has been put on the back burner, Topeka Capital analyst Brian White believes Apple (NASDAQ: AAPL) will in fact launch a full blown iTV this year and it will be different than you think.
"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.
"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.
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