• Apple HDTV Coming Soon, Says Report



    For nearly three years we've heard rumblings about Apple's supposed plans to create and launch connected-television models in the near future. Following reports last week that late Apple CEO Steve Jobs revealed in his new biography that he had "cracked' the formula for an integrated futuristic connected television set, talk has once again surfaced that Apple will soon roll out a branded HDTV.

    "I'd like to create an integrated television set," Jobs told Walter Isaacson. "It would be seamlessly synced with all of your devices and with iCloud... It will have the simplest user interface you could imagine. I finally cracked it."

    According to published reports Monday, analyst Gene Munster with Piper Jaffray dished in a new correspondence with investors that sources close to Apple confirmed that the company has been building prototype models of the new high-definition television set since September.

    Munster says Apple could use the new Siri voice activated system "to bolster its TV offering and simplify the chore of inputting information like show titles, or actor names, into a TV."

    "We believe that of the estimated 220 million flat panel TVs sold in 2012, 48% or 106 million units will be internet-connected, of which Apple could sell 1.4 million units," Munster writes. "We believe an Apple Television could add $2.5 billion or 2% to revenue in CY12, $4.0 billion or 3% in CY13 and $6.0 billion in CY14."

    Source: Fortune
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