Time for Apple to Make TV Sets? Activist Carl Icahn Says Yes
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Activist investor Carl Icahn says it’s time for Apple to get into the business of making TVs.
In an open letter today to Chief Executive Officer Tim Cook that focused on the need for more share repurchases, Mr. Icahn also said there’s “good reason to expect” Apple to introduce an UltraHD television in the company’s fiscal year ending September 2016. Mr. Icahn said Apple would be able to sell 12 million of the 55-inch and 65-inch TV sets that year and another 25 million in the company’s 2017 fiscal year. Each TV set would only cost an average of $1,500, Icahn projected.
“Televisions are a centerpiece to the modern living room and thereby a promising gateway into the home for Apple’s growing ecosystem,” Mr. Icahn said, including the caveat that Apple “has not announced plans for a TV set and may never do so.”
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