Apple TV: Could These Be Signs of Progress?
Foxconn has already had to distance itself from one set of rumors regarding the supposed Apple (NASDAQ:AAPL) high-definition television set, but now the grapevine has connected the device to the equipment manufacturing company again.
A report from China Business News said Foxconn, the China-based manufacturing partner of Apple, was in the “trial production stage” of producing the much-awaited television set. Another local publication, China Daily, reported that the product would be called iTV.
Earlier this month, Foxconn chief executive Terry Gou was quoted as saying that the company was “making preparations” for the device, but quickly released a statement a few days later that denied he ever made those comments. Rumors that Apple is preparing to enter the television market with an industry-changing product have been around for a while.
While Piper Jaffray analyst Gene Munster has been confident is his assertion that the new product will be launched as early as the end of the year, other experts have somewhat differing views on the timing. According to JPMorgan, for instance, Apple is not likely to launch a television set until 2014, adding that the company needed a “major pull factor” and that their research did not indicate any “looming TV-related product launch.”
The device has been predicted to feature an aluminum body, Siri voice controls, and a camera that allows for FaceTime chats, and is projected to come in the price range of $1,500-$2,000.
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