Apple's unannounced television platform will be branded iPanel, and will retail for around $1,250 when it launches in Q4 2012.
That's the take of Jeffries & Co. analyst Peter Misek, who has claimed the iTV device's RRP will have a gross margin of 30 percent.
Misek's confidence in the product has prompted him to increase his price target on Apple shares from $699 to $800 - a figure he's arrived at by predicting the firm will ship 12 million iPanels by the end of 2013.
iNvestment
"Due to increased confidence in the iTV launch, we are adding 2 million iTVs to CQ4 and 10 million to CY13 and including a halo effect of one iPad or iPhone per iTV," said Misek.
"Our new FY13 EPS estimate of $53.98 (prior $49.20) is above the St's $49.38."
Misek's bullish narture stems from Hon Hai's recent $1.6 billion investment in Sharp's LCD business, which has prompted some to speculate that the Foxconn's parent company is positioning itself to gain iTV manufacturing orders.
"We believe the Hon Hai/Sharp deal is due to Sharp's increasing importance to Apple and iTV," explains Misek.
Misek also points to evidence that Apple is doubling the size of its North Carolina data centre to support his claims.
[source: Street Insider]
Top Stories
News
8 hours, 52 minutes ago
Delta game emulator hits No. 1 on the App Store download charts in 35 countries
News
10 hours, 51 minutes ago
Week in Views - The search for skills, billion dollar birthdays and terrific transmedia
News
11 hours, 37 minutes ago
Get practical tips into key game development tools and methodologies at the Dubai GameExpo Summit
News
10 hours, 51 minutes ago
Week in Views - The search for skills, billion dollar birthdays and terrific transmedia
Feature
Apr 19th, 2024
New release roundup: Take That: This is Life, Neopets: Tales of Dacardia, Persona 5: The Phantom X and more
Feature
Apr 19th, 2024
Speaker Spotlight: Xsolla's Chris Meredith on making the most of D2C and today's revenue opportunities
Events
Arts DAO Fest 2.0 | Middle East | Apr 20th |
App Promotion Summit London | Europe | Apr 25th |
Esports Future Summit | Middle East | Apr 27th |
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Popular Stories
Feature
Apr 15th, 2024
46 top mobile games in soft launch: CSR 3, Plants vs. Zombies 3, LEGO Hill Climb Adventures, Candy Crush Blast, and more
News
Apr 17th, 2024