• Foxconn Reportedly Accelerating LCD Panel Orders Ahead of Apple HDTV Release

    A report by business site 21cbh.com claims that Foxconn/Hon Hai has moved up scheduled orders for television-sized LCD panels from Sharp.

    Topeka Capital Markets analyst Brian White shed light on the report in a research note published today, claiming the accelerated LCD panel order schedule could indicate Apple is hoping to have an HDTV ready for the holiday shopping season.

    This morning, the Chinese character version of 21cbh.com indicated in an article that Hon Hai Precision expects to start receiving LCD TV panel orders from Sharp in 3Q12 instead of 4Q12 as was originally planned. Recall, Hon Hai invested in Sharp earlier this year to secure LCD panels that we believe will largely support a new Apple TV. Based on a recent interview by 21cbh.com with a Sharp executive and information from sources at the company, the online news source believes the order is for the new Apple TV and could be available for the holiday season. In our view, a holiday launch would make for a very merry holiday season for Apple and consumers. However, we will continue to monitor the data points surrounding the timing of this launch as they could change. — White
    White’s claims follow suit with his past predictions and analysis, maintaining his commitment to being one the more bullish analysts when it comes to Apple’s value. White double downed on his claim earlier this year that Apple would use a Kinect inspired motion control system for their purported HDTV. White’s report sticks to his previous 12-month prediction for Apple’s stock price of $1,111 and believes the new HDTV could generate $10 billion in revenue during its first year securing 2% of the LCD TV market.

    If these reports have any truth to them Apple is going to have a busy holiday season.

    Source: MacRumors
    This article was originally published in forum thread: Foxconn Reportedly Accelerating LCD Panel Orders Ahead of Apple HDTV Release started by Phillip Swanson View original post
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