For more than a year now, Piper Jaffray analyst Gene Munster has been insisting that Apple (AAPL) is plotting a move into the television business – and soon. He thinks the company will start selling TV as soon as the end of calendar year 2012.
Munster estimates that the flat panel TV market will be 220 million units in 2012, and that 48% of those, or about 106 million, will be Internet connected. He thinks Apple could sell 1.4 million units, adding $2.5 billion in revenue, growing to $4 billion in calendar 2013, and $6 billion in 2014.
Concludes Munster: “Recent developments in Apple’s strategy, including the component deal we believe could secure up to 50″ LCD displays, bolster our confidence that the company remains serious about the connected living room.”
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