Apple is gearing up for a special media event next month related to its television initiative that may deliver the tools developers will need to prepare applications for a formal relaunch of the company's Apple TV product, analysts for Jefferies Equity Research said Wednesday.
Editor's Note: It has been brought to our attention that certain specific claims of the Jefferies report are somewhat suspect, specifically the following media event allegedly slated for March. AppleInsider has reached out to analyst Peter Misek, who maintains a high level of confidence regarding his hardware predictions. As with any research-based report, the information within should be taken with a grain of salt.
"Channel checks indicate Apple has a product event in March that is Apple-TV related (possibly an iTV SDK introduction)," analyst Peter Misek wrote in a report issued to clients. "We think a Sep/Oct iTV launch is being targeted."
Currently, Misek is modeling Apple to sell 2 million of revamped Apple TVs during the third quarter of this year but told investors he may need to be pushed back his estimates a full quarter if the launch of the product occurs in October rather than September.
We expect a price point of $1,500+ for a 42â to 55â model and also expect a below corporate average [gross margin]. Apple is likely to largely rely on leveraging content via partnerships with existing pay-TV operators.
The possibility of an Apple TV has been a point of rumor and speculation for years now, as industry observers and Apple fans alike look to the Cupertino company to revolutionize the television experience in the way it has mobile phones, music, and computing. Rumors and reports have picked up in recent months, helped in part by statements from Apple.
During the company's quarterly conference call, CEO Tim Cook said of the television segment "there's a lot we can contribute," and that Apple was keeping an eye on the sector. Apple's current TV-connected product, the Apple TV, sold about two million units over the past quarter.
A good deal of the speculation from the investor side has to do with a desire on their part for Apple to diversify its offerings. With smartphone profits seemingly plateauing, some analysts look to television and wearable computing as possible areas of expansion for Apple. Recently, a Morgan Stanley report claimed that a move into television and smartwatches could net Apple an additional $80 billion in yearly revenue.
Update: The always-reliable Jim Dalrymple has refuted Jefferies claim of a media event from Apple next month after hearing from to his contacts at Apple. Dalrymple's track record on matters such as these has thus far been spectacular.
47 Comments
Fingers crossed that we will finally get an App Store for the Apple TV. Hopefully the update will work on the ATV 2/3
[quote name="saarek" url="/t/155956/apple-planning-tv-related-media-event-in-march-ahead-of-apple-tv-relaunch-this-fall#post_2277083"]Hopefully the update will work on the ATV 2/3[/quote] And if not, it might just be a mere $99. Really looking forward to this event. Whether it is a new AppleTV or a whole new product (TV set). For the latter, some might need to save up for this though. I bet Peter Misek missed the iTV company in the UK, and its resistance to give up their name.
MacRumors has a more-complete version of the story...
Don't understand why AI condensed it
http://www.macrumors.com
Misek anticipates that Apple will launch its television set in the 42"-55" size range with prices starting around $1500.
Apple has also gained regulatory approval for a tweaked Apple TV box, although the company claims that the update incorporates only minor internal changes and will be invisible to users.
With the Apple TV software being based on iOS, Steve Jobs noted at the time of the launch of the revamped box in late 2010 that an App Store for Apple TV could launchwhen the time is right, indicating that the company has indeed been looking at opening up the platform to third-party developers.
Pretty exciting if true. What else might be announced at the event? iPad mini with retina? iPad 5? Or maybe just OS X related?
again, I don't see an Apple TV set. Most consumers are price conscience with tvs. tvs last 10 years.