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B illionaire investor Carl Icahn might have to readjust his expectations for Apple (AAPL) now that it appears his hopes for an Apple-branded television set have been squashed. Just hours after Icahn posted a bullish note on Apple based on assumptions that Apple would enter the TV and electric car businesses, the Wall Street Journal reported that Apple had shelved its plans for a television more than a year ago. After nearly a decade of research, Apple decided not to make a television set because it couldn’t offer enough breakthrough features to justify entering the highly competitive market, the WSJ said. Instead, Apple has decided to focus its resources on improving its Apple TV set-top box and developing an Internet television service that would offer a bundle of popular TV channels. Apple is likely to make some TV-related announcements at its Worldwide Developer Conference, which runs… Scalper1 News
Scalper1 News