“A Jefferies analyst is predicting that Apple Inc. will launch ‘iTV,’ an integrated television set that lets people access their music, TV and videos stored remotely in ‘the cloud,’ in the second half of 2012,” The Associated Press.
“The analyst, Peter Misek [with Jefferies], said he thinks Apple will initially make about 5 million to 10 million of the iTV. He is basing this on quotes from Steve Jobs’ new biography by Walter Isaacson, which went on sale Monday,” AP reports. “In it, Jobs tells Isaacson he has come up with a way to make TVs as easy to use as the iPhone or the iPad. He says: ‘I finally cracked it.'”
AP reports, “Misek thinks that in addition to making money from subscription revenue, Apple could benefit from a ‘halo effect’ of increased sales of its other products because of an iTV.”
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