Despite a slew of rumors and speculation that Apple plans to enter the TV business, analysts are beginning to back away from the idea of an “iTV,” Fortune reported. Richard Gardner, formerly of Citigroup, warned in December that “Apple has not even defined specs yet.” Barclays’ Ben Reitzes in February suggested that Apple was focused more on lining up content partnerships than on the production of a full-fledged television set. And now, Analyst Andy Hargreaves of Pacific Crest called the idea “a terrible use of retail space.” More →
Foxconn Technology Group founder and chief executive Terry Gou has reportedly gone on record in stating that his company will soon begin manufacturing a television for Apple. Production has not yet begun, China Daily reports, and the electronics manufacturing giant is currently preparing its facilities for Apple’s HDTV. The site claims Gou made the comments during a press conference in Shanghai on Friday. Apple’s long rumored HDTV, or “iTV” as it is often called, will reportedly look much like the company’s current LED Cinema Display. It is said to feature an aluminum casing, iOS, voice-powered remote control features courtesy of Siri, and an iSight camera for FaceTime video chats. Earlier reports claim that the device will debut later this year, though another recent report suggests that it might not launch until 2014.
UPDATE: Foxconn denied the report in a statement given to The Next Web. “Any reports that Foxconn confirmed that it is preparing to produce a specific product for any customer are not accurate,” a spokesperson for the company said. More →
Apple’s upcoming high-definition television is real, and it will reportedly feature an aluminum construction, Siri, FaceTime video calling and more. An anonymous source speaking with Cult of Mac claims to have seen a prototype of Apple’s upcoming “iTV” in action, and a number of details have been reinforced as a result. “It resembled an Apple monitor, only much larger,” the unnamed source told the site, referring to the aluminum LED Cinema Displays Apple currently sells alongside its Mac computers. Cult of Mac, which has revealed accurate details surrounding unannounced Apple products in the past, also reports that the HDTV will feature Siri, Apple’s sophisticated voice recognition software, and an iSight camera for FaceTime video calling. Many expect Apple to launch its debut television later this year, though a recent report suggests that it may not hit the market until 2014. More →
Rumors surrounding the imminent launch of an Apple-branded HDTV have been swirling for the better part of a year, and while some industry watchers expect the “iTV” to launch as early as this summer, one analyst suggests that we’re still more than a year away from seeing Apple launch an iOS-powered television. JP Morgan analyst Mark Moskowitz said on Thursday that his firm does not believe Apple will release an HDTV in the near future. More →
Apple is reportedly in talks to stream films owned by EPIX — a joint venture among Paramount Pictures, Metro-Goldwyn-Mayer and Lionsgate — across a variety of devices, including the long-anticipated iTV, according to a report from Reuters. Two people with knowledge of the negotiations told the publication that the talks are in the preliminary stages and no agreement is considered near. The Cupertino-based company is reportedly looking to beef up the content offered through its Apple TV set-top box and upcoming devices. An agreement could prove troublesome, however, due to EPIX’s $200 million agreement with Netflix, which gave the company exclusive streaming rights through September. More →
Despite early-morning jitters on Wall Street, Apple on Tuesday reported yet another blow-out quarter. The Cupertino, California-based company managed the second most profitable quarter in its history, posting a net profit of $11.6 billion on $39.2 billion in sales. Apple sold 35.1 million iPhones into channels last quarter, along with 11.8 million iPads, 7.7 million iPods and 4 million Mac computers. While the firm continues to dominate the technology industry — Apple is currently the most valuable company in the world — several analysts think Apple is just getting started. More →
Apple’s upcoming entry into the high-definition television space is set to blow the high end of the TV market wide open while current market players continue their struggles to compete on price. Market research firm KAE along with online polling company Toluna recently conducted a survey and determined that 25% of consumers in the United States would purchase a physical Apple television set if the Cupertino-based company launches one. Beyond early consumer interest, however, current TV industry players may have left a gaping hole that will bring Apple billions when it fills the void. More →
Acclaimed French designer Philippe Starck reportedly claims to be working with Apple to help design a revolutionary new product that will launch within the next eight months. ”Indeed, there is a big project together which will be out in eight months,” the designer said on air during an interview with a French TV show, Le Figaro reported. He continued, stating that the mysterious new product would be “quite revolutionary.” Starck’s credited works range from hotels to toothbrushes, and several consumer electronics devices he designed are currently sold in Apple Stores. The designer claims to have met with Apple co-founder Steve Jobs on numerous occasions over the years. “For seven years I came to see him once a month in Palo Alto and elsewhere,” Starck said. BGR reported last year that Apple plans to launch a redesigned iPhone this fall, and the company is also rumored to be working on a flat-panel “iTV” television that could launch later this year as well.
UPDATE: An Apple spokesperson confirmed to AllThingsD that the company is not currently working on any project with Phillippe Starck. More →
Anthony DiClemente, a media analyst for Barclays, said in a recent note to investors that he doesn’t believe Apple will be able to change the cable industry with its rumored “iTV,” AllThingsD reported on Monday. DiClemente thinks Apple could unveil an incredible piece of hardware, possibly one that looks like a “large-scale iPad,” that would tie together the Internet with the company’s existing suite of iOS apps and services. The analyst also speculates that the Cupertino-based company’s device could retail for $1,500 or more and incorporate its Siri voice assistant with a “groundbreaking interface” that is ”so much more than a TV — including gaming, video communication, content delivery, apps, computing and all the capabilities of the current Apple TV.” DiClemente argues that TV programmers have no incentive to stray from their current bundles, however, which could be a big problem for Apple. Cable providers pay upwards of $30 billion each year for these bundles, and the analyst suggests there is too much money on the line for Apple to offer an innovative content model. DiClemente also notes that he doesn’t believe Apple’s HDTV will be release in 2012. More →
The world’s most valuable company is showing no signs of slowing down, and numerous industry watchers believe Apple will continue to grow despite increased competition from rivals like Samsung. Topeka Capital Markets, new home to analyst Brian White, on Monday initiated coverage of Apple with a Buy rating and a sky-high $1,001 price target. “Driven by an ever expanding portfolio of innovative products, a growing integrated digital grid, unmatched aesthetics and a brand that is able to touch the soul of consumers of all backgrounds, Apple fever is spreading like a wildfire around the world and we see no end in sight to this trend,” White wrote in a note to investors on Monday. Read on for more. More →
A recently-published Apple patent has revealed that the Cupertino-based company is contemplating new technology surrounding an advanced TV remote, that could work alongside its rumored “iTV”, PatentlyApple reported on Thursday. The patent suggests that Apple’s new universal remote could take a photo of a user’s current TV remote and send it to iCloud for analysis. iCloud would return a “virtual copy” of the remote along with data detailing all the remote’s features and functionality to a user’s iPhone, which will then be able to mimic the original remote’s functions. Apple’s rumored iOS-powered high-definition television, currently referred to as the iTV, will reportedly enter production in May or June ahead of a launch that may take place in the fourth quarter this year. More →
Apple’s rumored iOS-powered high-definition television will enter production in May or June ahead of a launch slated for the fourth quarter this year, one analyst claims. Jefferies & Company analyst Peter Misek met with unnamed sources during a recent trip to the East, and he now believes Apple’s “iTV” is a sure thing. “Specialty components have begun to ship to Apple’s Asia panel suppliers with polarized films, filters, and IGZO components starting to move in small quantities,” the analyst wrote in a note to investors Tuesday morning. “We expect commercial production in May/ June with 2M to 5M builds likely. We still expect a CQ4 launch.” Apple’s HDTV has been rumored for quite some time, and it is expected to feature unique voice controls powered by Siri. Apple’s is also reportedly working on a subscription offering that will treat TV channels like apps and allow users to subscribe to individual channels or bundles of channels a la carte.
Apple CEO Steve Jobs approached CBS approximately one year ago in an attempt to secure a content deal for a streaming television service that was in development at the time. CBS chief executive Leslie Moonves publicly spoke of the negotiations once before during an earnings call late last year, and now he is quoted again after having reportedly discussed the matter on stage during a presentation at the UCLA Entertainment Symposium. ”I told Steve, ‘You know more than me about 99 percent of things but I know more about the television business,’ ” Moonves said according to Hollywood Reporter. Moonves said he denied Jobs access to CBS content for the service out of fear it might disrupt CBS’s existing revenue streams. Apple is reportedly still working on a unique streaming TV service that it intends to launch alongside an Apple-branded HDTV later this year. Some reports suggest the service may treat channels like apps, allowing users to subscribe to individual channels or groups of channels a la carte. More →