Apple TV Release Speculated and 1 Tech Titan on the Move
Apple Inc. (NASDAQ:AAPL) could finally debut their long-awaited TV in time for the holiday season, but not for this year. In an investor’s note, Piper Jaffray analyst Gene Munster said he expects that Apple will kick off the TV in November of 2013. The new forecast is a change from Munster’s previous report in which he anticipated that Apple would announce the TV next month and ship it next year. Whenever it comes out and ships, the new television is likely to cost between $1,500 and $2,000 and offer screen sizes ranging from 42 inches to 55 inches, according to Munster.
Our 20-page proprietary analysis of Apple’s stock is ready. Click here and to get your Cheat Sheet report now!
Intel Corporation (NASDAQ:INTC) will license patents from ZiiLABS and purchase assets from the chip maker. ZiiLABS is a United Kingdom based subsidiary of Creative Technology focusing on a system of chip (SoC) designs for smartphones and tablets. While the firm has not yet become a household name, it clearly has been on Intel’s radar for a while and announced a $50 million asset sale and patent licensing deal. According to Creative, $30 million will be a payment for engineering resources and assets that will become part of Intel while the remaining $20 million will be for licensing patents with relation to ZiiLABS’s GPU technology. If leaked slides prove to be accurate, Intel will move away from Imagination Technology’s PowerVR graphics core in their Atom processors in 2014 and their acquisition of of ZiiLABs’s assets and licenses could be a step in the right direction.
Don’t Miss: Welcome Back, Apple!