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 analyst, Peter Misek, 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.
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."
Jobs died on Oct. 5 at age 56 after a long battle with pancreatic cancer.
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.
Apple did not respond to a request for comment on the analyst's prediction. The company typically does not disclose plans about new products before they are launched.
Apple's shares rose $3.53 to $396.40 in premarket trading.
Source: YAHOO! Finance
Original Content : Ahead of the Bell: Analyst says iTV coming in 2012
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