Apple will be unveiling its highly anticipated television in December, and start shipping it out in the following year.
Apple, the famed iPhone maker will be unveiling its take on the TV when it unveils one, in December this year. Piper Jaffray recent report says that the Apple TV will range in price from around $1,500 to $2,000, and the sizes will vary from 42 inches to 55 inches. This is quite steep considering that TVs of this size usually cost from $700 to $1,400.
Michael Zimmerman’s Prentice Capital is having a strong year
Prentice Capital was up 15.3% net last month, bringing its year-to-date gain to 49.4% net. Prentice touted its ability to preserve capital during market downturns like the first quarter of this year and the fourth quarter of 2018. Q3 2020 hedge fund letters, conferences and more Background of Prentice Capital The fund utilizes a low Read More
Apple has been working on a TV for years, although it already has one, a set-top box that allows downloads of movies from the iTunes store. However, this set box has been described as a hobby, and with the new Apple TV unveiling set for December, we could now see the real thing from Apple Inc. (NASDAQ:AAPL).
The TV that Apple is working on is set to be based on an application software model that is used on the iPhone. In addition, it is assumed that Apple will offer TV channels as apps.
But this may prove hard since most entertainment companies are not willing to let their goods be distributed via Apple, as happened with iTunes and big record companies.
If efforts for Apple TV pay off, and it becomes successful, then the share price for Apple Inc. (NASDAQ:AAPL) stock could rise to new and unprecedented heights. In fact, the price per share could hit the $1,000 mark. Shares for Apple closed at $561.90.
The new Apple TV may also set new standards in TV, and may be a huge leap for TV design. The Apple TV will simply be a sheet of glass, have no edges, and bevels as well. In addition, the TV may have a voice control feature like Siri, the virtual assistant found on the iPhone.
However, Apple will also debut the iPhone 5 in October, and analysts are of the opinion that it will be the largest consumer product launch this year.
Although there are fears that chips to be used in the production of the iPhone 5 may not be enough, the leadership status that Apple has in the market may ensure that it gets enough chips albeit at the expense of other phone companies.
But it is also expected that other product upgrades in Apple will take place in the course of the year, with the iPad, and the Mac, being given meaningful changes. Furthermore, the direction and tone that Apple sets this year will set the mood on how Tim Cook will be perceived over the coming years.
Nevertheless, Apple is not the only tech firm dabbling in TV, Google Inc. (NASDAQ:GOOG) is also trying its hand in TV, and the newly acquired phone firm, Motorola Mobility may leverage the company in creating its own set top box for Google TV.