360° Coverage : People Like iTV Concept, But Don't Want To Spend $1500

3 Updates
People Like iTV Concept, But Don't Want To Spend $1500
Photo Credit: Getty Images

People Like iTV Concept, But Don't Want To Spend $1500

Aug 9 2012, 5:46pm CDT | by

Could spell trouble for Apple's foray into new market

The rumors about Apple's own branded television set continue to abound, and while consumers are interested, they might not be once they see the price tag.So says Piper Jaffray analyst Gene Munster...

Filed under: news

YouTube Videos

 
 
 

2 years ago

People Like iTV Concept, But Don't Want To Spend $1500

Aug 9 2012, 5:46pm CDT | by

Could spell trouble for Apple's foray into new market

The rumors about Apple's own branded television set continue to abound, and while consumers are interested, they might not be once they see the price tag.

So says Piper Jaffray analyst Gene Munster after conducted a survey of consumers in the Minneapolis, Minnesota area, which contains a decent cross-section of the rest of the country.

In the survey, 49% said they would be interested in buying a TV set if it was manufactured by Apple. This includes people who said they are in the market for a new TV, as well as those who said they are not.

In fact, 29% said they don't see any need to buy a new TV right now, but if Apple released one they might change their minds.

However - here's the kicker - when asked if they would be willing to spend $1500 or more on such a TV, only 12% said yes.

And the average price that consumers were willing to pay was just arond $530, which can't even buy a decent iPad.

We all know that Apple likes its products to be more expensive than anything that anyone else offers, and that's a very scary concept if you look at the TV market, where $1000 - $2000 for a high-end set is the norm.

However, as Munster notes, "While 12% seems small, it still moves the needle. If Apple gained a 10% share of the U.S. TV market in FY14, as opposed to our surveyed 12%, TV sales would still add 4% to our FY14 revenue estimates."

Via Value Walk

 
Update
3

6 weeks ago

USAA says its Apple Pay support will arrive on Nov. 7

Oct 9 2014 4:16pm CDT | Source: App Advice

At least one financial institution wont offer Apple Pay until next month. USAA, according to the Daily Dot, willsupport themobile payment system for its Visa and Mastercard customers starting on Friday, Nov. 7.When it was originally announced at the iPhone 6 and iWatch event in early September, Apple said the system would arrive in October. Many had expected support to launch alongside iOS 8.1, which is widely expected to be unveiled this month.On the Apple Pay site, ...
Source: App Advice  Full article at: App Advice
 

 
Update
2

6 weeks ago

Carl Icahn makes a strong case for an UltraHD Apple ‘iTV’

Oct 9 2014 9:52am CDT | Source: App Advice

Activist investor Carl Icahn has published an open letter to Apple CEO Tim Cook requesting an increased stock buyback from the company. In the letter, Icahn praises Apple for its recently announced products, including the iPhone 6 and iPhone 6 Plus, Apple Pay, and the Apple Watch.He also suggests that 2016 would be a great time for Apple to announce an UltraHD Apple TV set.Icahn explains:As we highlighted in our previous l ...
Source: App Advice  Full article at: App Advice
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/6" rel="author">Mark Raby</a>
With more than 10 years as a professional writer, Mark Raby has an undeniable pulse on the latest trends. From the quiet rumors to the breaking news of the day, his eagle eye is always focused on the newest scoop and figuring out how and why the big newsmakers are noteworthy and relevant. He is based in New York City.

 

blog comments powered by Disqus

Latest stories

The Black Friday 2014 Sales You can Shop Today 11/26
The Black Friday 2014 Sales You can Shop Today 11/26
Over 20 Black Friday 2014 sales are already launched. Get the deals early to get your head free for the hard to get Black Friday deals to be released on Thanksgiving Day.
 
 
Target Black Friday Pre Sale launched Online
Target Black Friday Pre Sale launched Online
The Target Black Friday 2014 pre sale is live online offering $100 Gift Cards with iPad Air and iPad mini 3 purchases and many more deals.
 
 
The Best Black Friday 2014 iPad Deals
The Best Black Friday 2014 iPad Deals
The Amazon Black Friday 2014 Sale has been released. The Amazon Black Friday 2014 begins earlier than ever before. In past years the Amazon Black Friday deals week started on Sunday.Besides Amazon, Walmart has kicked...
 
 
The Best Apple TV Black Friday Deal
The Best Apple TV Black Friday Deal
The Best Apple TV Black Friday 2014 deals is surprisingly from the Apple Store.
 
 
 

Latest from the Network

The Black Friday 2014 Sales You can Shop Today 11/26
While most Black Friday 2014 ads state that Black Friday 2014 sales start on Thanksgiving Day, we are already seeing more than 20 Black Friday sales that are live online and even several that launched in stores. The...
Read more on Celebrity Balla
 
Tori Spelling wants to display breast implants
Tori Spelling wants to get her breast implants removed and display them in a glass dome on her wall. The 41-year-old reality TV star is keen to have her fake boobs taken out because they have ''expired and recalled''...
Read more on Celebrity Balla
 
Prince leaves social media
Prince has removed himself from social media. The 'Little Red Corvette' hitmaker has deleted his Instagram, Twitter and Facebook accounts and removed his work from YouTube and Soundcloud, just a year after joining the...
Read more on Celebrity Balla
 
Party-pooper Pharrell Williams
Pharrell Williams says asking him if he wants to go out partying is like asking a McDonalds worker ''if they want chicken nuggets for dinner''. Despite being a successful singer, the 41-year-old star insists he's not a...
Read more on Celebrity Balla
 
43 IS militants killed in clashes with Iraqi Kurds
Mosul (Iraq), Nov 26 (IANS/EFE) At least 43 members of the Islamic State (IS) Sunni radical group were killed in clashes with Peshmerga Kurdish troops near the strategic Mosul Dam near the northern Iraqi city by that...
Read more on Politics Balla
 
Five soldiers killed in Yemen Al Qaeda attack
Sanaa, Nov 26 (IANS) Five soldiers were killed in a massive attack by suspected Al Qaeda miltants against a Yemeni military base in the southeastern province of Shabwa Wednesday, a police source said. The source told...
Read more on Politics Balla
 
Pakistan blocks three Saarc connectivity pacts; Modi, Sharif avoid meeting (Roundup)
Kathmandu, Nov 26 (IANS) Pakistan Wednesday played spoilsport by blocking three major Saarc connectivity projects initiated by India, even as Indian Prime Minister Narendra Modi conspicuously avoided meeting his...
Read more on Politics Balla
 
IS pamphlets distributed in Pakistan
Islamabad, Nov 26 (IANS) Unidentified people have distributed pamphlets of the Islamic State (IS) Sunni radical group in Pakistan's South Waziristan tribal region, residents who have seen the pamphlets said Wednesday...
Read more on Politics Balla
 
Three policemen shot dead in Egypt's Sinai
Cairo, Nov 26 (IANS) A police officer and two recruits were shot dead Wednesday by unidentified gunmen in Arish city in North Sinai province, a security source told Xinhua. "The militants set an ambush for a police...
Read more on Politics Balla
 
Ferguson burns as racial protests spread across US
Washington, Nov 26 (IANS) As night fell, Missouri state in midwestern United States deployed more security forces to quell violence in Ferguson after a grand jury failed to indict a white police officer in the August...
Read more on Politics Balla