Apple’s “Intense Focus” on TV (AAPL)

PUBLISHED: May 30 2012 @ 10:38 | Comments (0) | More info about Ed Liston

After meeting with resounding success on products like the iPad, the iPhone and Mac over the years, Apple Inc.’s (NASDAQ:AAPL) CEO, Tim Cook said in an interview yesterday that Company now wants to embark on a new area- television.

While speaking in an on-stage television interview, hosted at D10 conference hall in California, Cook said that television is an area of intense focus to the company; so they (company) will keep “pulling up the string”, and see where this new curiosity can lead them.

Before succumbing to cancer, Apple’s erstwhile CEO and co-founder, Steve Jobs said to his biographer that he had “finally cracked” how to make a TV which will have a simple user friendly interface along with a possibility of wirelessly synchronizing its content with Apple’s other devices.

Meanwhile, Gene Munster, an analyst at Piper Jaffray Cos, said that the company is developing a TV which could be made public this year and released in 2013.

Sources close to the development of this new product said last year that Apple handpicked Jeff Robin for this task. Jeff, a software engineer, had earlier constructed the iTunes media store and helped building the iPod.

Commenting over company’s consolidation, Cook said that Apple remains on lookout for acquisitions, although at present it’s not focused on large-sized deals.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.