TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Analyst: Apple iTV likely on sale this year

Daily Photo Galleries

By The Associated Press
Wednesday, April 3, 2013, 6:15 p.m.
 

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

Most-Read Business Headlines

  1. Investors content with pace on stocks even in face of good news
  2. Lenders could move against Anchor Hocking as extension expires
  3. Hiring in shale industry shifts to engineering, construction workers
  4. State to seek comments on drilling below Loyalsock State Forest
  5. Consol Energy posts $25 million loss despite gas gains
  6. Hotels, restaurants lead job additions in Pittsburgh region
  7. Tech giants lead rush for profits in foreign countries
  8. GNC revenue, sales drop, but vitamin retailer says plan in place
  9. U.S. Steel’s 2Q loss beats analysts’ estimates
  10. Construction of $500M power plant in South Huntingdon stalled
  11. Pittsburgh Brewing tries to reconnect with region, return to glory days
Subscribe today! Click here for our subscription offers.