TribLIVE

| Business


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

Analyst: Apple iTV likely on sale this year

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

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. Earlier openings make Black Friday shopping easier for bargain-hunters
  2. Company seeks to reopen coal mine in Nottingham, Washington County
  3. Retailers court web customers with free shipping
  4. Florida roommates find a career in playing video games on web channel Twitch
  5. Buyer’s remorse: Most mergers don’t work out for acquiring company
  6. Butler County firm Deep Well Services tackles tough gas wells
  7. Holiday shoppers expected to spend conservatively
  8. Federal agency checking whether Highmark has enough doctors in Medicare plan
  9. Retailers that won’t open on Thanksgiving hope move pays off
  10. Amusement parks fight off home entertainment threat
  11. Stock forecast for 2015: milder gains, more bumps
Subscribe today! Click here for our subscription offers.