Apple Stock News: Apple Not Making New TV
In an open letter to Apple CEO Tim Cook, activist investor Carl Icahn wrote that he expected Apple to release a new television set in 2016. However, the Wall Street Journal has reported that Apple scrapped plans to release a television set over a year ago, as they did not have the breakthrough technology necessary to justify entering the television market. In May of 2013, Cook said Apple is has a grand vision for television, but this grand vision might have more to do with its Apple TV set top box instead of a physical television now.
May 19, 2015
