“Piper Jaffray analyst Gene Munster has been predicting for four years that Apple will launch its own television set,” Daniel Sparks writes for The Motley Fool. “One of his most recent failed predictions for an Apple-branded television was that the company would launch one at the end of 2013. But as Apple Watch rumors took center stage headed into 2014, Munster has since backed off his predictions for a TV in the near term. But headed into 2015, Munster is back with another timeline for Apple’s TV.”
“This time giving himself an extra year, Munster thinks Apple will launch a TV in two years,” Sparks writes. “Investors should still approach any predictions about an Apple TV with skepticism. Not only is Apple known for putting product plans on the shelf or delaying them at the last minute, but it’s also never certain that Apple will succeed as successfully in every product category as it has in those it has launched in the last decade.”
“Speculative rumors about new potential Apple products should be given zero weight in investment decisions about Apple stock,” Sparks writes. “While predictions about new Apple products may be entertaining, there are too many uncertainties surrounding such predictions for them to be useful. Four years of Munster’s annual TV predictions never coming to fruition shows where relying on such rumors could potentially lead investors.”
Read more in the full article here.
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