Analyst: Apple iTV likely on sale this year
NEW YORK — It's no secret that Apple wants to get into the living room by making its own TV set, and there have been plenty of rumors and reports about how and when it's going to happen.
Now, an analyst says he's learned that the set will go on sale late this year, for $1,500 to $2,500.
In a research note Wednesday, Brian White of Topeka Capital Markets says the “iTV” will be 60 inches on the diagonal, but could also come in 50- and 55-inch versions. Apple will also release a small “iRing” that fits on the viewer's finger, allowing the user to control the screen by pointing, White says.
In addition, the set will come with tablet-like “mini iTVs” with 9.7-inch screens, the same as the full-size iPad, White said. The “iTV” will be able to send video to the smaller screens wirelessly around the house. The concept is similar to the way in which cable and satellite TV companies are starting to let their set-top boxes send video to iPads and other tablets.
White says his report is based on gleanings from visits with unnamed Chinese and Taiwanese companies that supply Apple with components.
Apple doesn't comment on future products before its introduction events, but late company co-founder Steve Jobs told biographer Walter Isaacson that he wanted to remake the TV and had figured out a way to do it. Last year, there were numerous analyst reports that said Apple would introduce a TV set in 2012.
Apple does sell an “Apple TV,” but it's a small box that connects to a TV to display movies and shows from iTunes.
Apple shares rose $4.91, or 1.1 percent, to $434.70 in midday trading, as the tech-dominated Nasdaq index fell 0.3 percent. Apple's stock is still close to the 52-week low of $419, which it hit a month ago.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Young adults drive home rental trend in Western Pennsylvania
- Government approves compromise on Corbett’s alternative Medicaid plan
- JPMorgan boosts defenses against mounting cyberattacks
- Economy grew at brisk 4.2% rate in Q2
- Abercrombie name to shrink from clothing
- Auto market booming, but longer loan terms cause concern
- Twitch.tv online network reveals value of video gaming market
- Housing contracts rise as mortgage rates fall
- Banks’ earnings up 5.2% in 2Q
- USDA updates dairy insurance program
- Customers anxious for details about Highmark transition plan for W. Pa.