Washington, D.C. (March 13, 2013) -
Here we go again.
Wall Street analyst Peter Misek said in a note to investor
clients yesterday that Apple will not launch a company-branded
TV this year after all. Misek had earlier said the TV would be
introduced in March. Yes, March of 2013. This month.
Business Insider writes that Misek says Apple is delaying
production because it "wants a display that looks like 4K/Ultra
HD but without the super premium cost (of that set)." 4K TVs are
now going for up to $20,000.
Of course, Misek and fellow Wall Street analysts Gene Munster
have made several predictions about a new Apple TV in the last
few years -- all predictions that have been wrong.
Business Insider writes that Misek said an Apple TV was in full
production in August 2012; of course, it wasn't. The publication
also notes that the analyst said in March 2012 that Apple would
begin production of the set in May 2012 and it would go on sale
by the end of 2012. Wrong on all counts.
And in 2011, Misek said Apple would start production on the TV
in February of 2012.
Wrong then, too.
My question is: Why does Misek have "investor clients?"