Sharp is ready to start delivering LCD panels to Foxconn for assembly of Apple’s (NASDAQ:AAPL) rumored high-definition television sets, according to Chinese news website 21cbh.com. The report added that the scheduled arrival of the parts had been advanced from the fourth quarter of the year. The publication also quoted a Sharp executive saying that the device could be ready for sale before the 2012 holiday season.
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Topeka Capital Markets analyst Brian White said that the possibility of the product coming out around that time of the year would “make for a very merry holiday season for Apple and consumers.” However, he added that the firm will “continue to monitor the data points surrounding the timing of this launch as they could change.”
While Apple has not spoken publicly about the future existence of a full-fledged television set in its catalog, White is part of a group of analysts who believe the company is ready to enter the fray. White estimates that even with just a 2 percent unit share in the LCD TV market, Apple could generate sales of $10 billion per year. Earlier this month, White said he had spoken with sources in Apple’s supply chain who hinted that the television may include a “special type of motion detection technology” as well as a plastic remote control with a touch panel that looks similar to the iPad.
Foxconn bought a 10 percent stake in Sharp in March, with the deal adding to speculation that the partnership was a plan to enter Apple’s supply chain for the rumored new product.
Shares of Apple (NASDAQ:AAPL) closed higher 0.77 percent on Friday to finish at $582.10.
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