What the Next 6 Months For Apple Will Look Like
NEW YORK (TheStreet) -- From Apple TV, to the upcoming WWDC conference, big things are in store for Apple(AAPL) for the rest of 2012. It could potentially be Apple's biggest year ever.
There has been a lot of speculation that Apple is going to eventually release a television set, and Piper Jaffray analyst Gene Munster believes that the uncertainty has been taken out of the product. It is now a matter of when, rather than if, Apple will launch the product, Munster explained in a research note.
"We stand by our previously stated timeline of unveiling the TV late this year with a launch in the first half of 2013 (6 months following the unveiling)," Munster wrote. He rates Apple shares "overweight" with a $910 price target. Apple's decision to enter the television market could increase revenue between 4% and 8% in 2013, assuming a $1,750 retail price, Munster notes.
Apple has repeatedly said that it will not do something unless it can do it well. The Cupertino, Calif.-based technology giant appears focused on revolutionizing the television industry, and how consumers interact with their living room, Munster noted.