Brian White, a Topeka Capital Markets analyst nods to a report from Chinese business site 21cbh.com which claims that Foxconn/Hon Hai is pushing it’s schedule forward for ordering LCD panels from Sharp which sparked further speculation of an Apple television set.* In fact, earlier this year Foxconn and Sharp announced a partnership in LCD technology, which again, helped to raise speculation as to whether Apple would be entering the television set business.
White continues by pointing to an earlier report which claimed that the Apple television set would have Microsoft Kinect-like motion sensing controls and a touchscreen remote similar to an iPad.
Lastly, White still believes over the next twelve months, that Apple stock will reach a high of $1,111, and that Apple could generate $10 billion in revenue from the if they manage to grab 2% of the LCD market.
As I’ve said many times before, I’m sure Apple is looking into the television set market. Whether they enter that market is another matter entirely. Besides, this report seems too whimsical (for lack of a better word) to me. To my mind, it seems we’re at the “kitchen-sinking” stage of the rumor cycle where fly by nights from every corner of the internet throw on what features they think (hope?) will be included in the new device.
*Foxconn does most of the manufacturing for Apple. Little leaks from within Apple itself, but finding out what is going on in the supply chain, can indicate what Apple is up to.