Apple will reportedly begin producing its own-branded, internet-connected TV set in May or June this year.
The speculation comes from Jefferies analyst Peter Misek. In a note to investors on Tuesday, he said that some “specialty components” of Apple’s television are currently being shipped to Asian suppliers.
“Evidence of commercial iTV production is starting: we believe specialty components have begun to ship to Apple’s Asia panel suppliers with polarized films, filters, and IGZO components starting to move in small quantities. We expect commercial production in May/ June with 2M to 5M builds likely. We still expect a CQ4 launch,” Misek writes.
In addition, the analyst raises his target stock price for Apple from $599 to $699.
Misek also raised his estimates for iPhones sales this year from 145 million to 155 million.
For Q1, the analyst believes sales will amount to 33.2 million units, up from 28 million and to 32 million from 29.7 million for the June quarter.
Misek expects an iPhone 5 launch in the September quarter.
“Our expectations for the 5 include a 4″ to 4.3″ screen, wider form factor, A6 processor, and refreshed design,” he writes.