A recent report by the Wall Street Journal that Apple Inc. (NASDAQ: AAPL) has completely abandoned its television project has certainly left Piper Jaffray analyst Gene Munster broken-hearted. Munster released a note this week waving the white flag and admitting that his long-standing fairy tail love affair with the rumored device has run its course.
They say it’s better to have loved and lost than never to have loved at all. While the love story between Munster and the fabled Apple Television has suffered a tragic end, at least investors will always have the memories:
August 2009
“The bottom line, 10 million HDTV’s sold in the US a year is a real market, and if history repeats itself, Apple will find a way to compete in a commoditized market with a premium priced product.”
July 2010
“We see [the Mac mini] as a small, intermediate step towards a larger move into the living room with an all-in-one, connected TV.”
October 2011
“We believe that of the estimated 220m flat panel TVs sold in 2012, 48% or 106m units will be internet-connected, of which Apple could sell 1.4m units. We believe an Apple Television could add $2.5b or 2% to revenue in CY12.”
May 2012
“If you’re in the market for a new TV, hold off. Apple has a new product coming and it’s going to be hot.”
June 2012
“We believe…
Read the rest of this article (and all my other articles) for free on Benzinga by clicking here
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
