Foxconn Orders Large LCD Panels From Sharp for Apple Television?
Foxconn is accelerating its schedule for ordering television-sized LCD panels from Sharp, according to a 21cbh.com report relayed by Topeka Capital Markets analyst Brian White.
Foxconn's investment in Sharp and interested in their large LCD panels is thought to be related to the much rumored Apple television.
This morning, the Chinese character version of 21cbh.com indicated in an article that Hon Hai Precision expects to start receiving LCD TV panel orders from Sharp in 3Q12 instead of 4Q12 as was originally planned. Recall, Hon Hai invested in Sharp earlier this year to secure LCD panels that we believe will largely support a new Apple TV. Based on a recent interview by 21cbh.com with a Sharp executive and information from sources at the company, the online news source believes the order is for the new Apple TV and could be available for the holiday season. In our view, a holiday launch would make for a very merry holiday season for Apple and consumers. However, we will continue to monitor the data points surrounding the timing of this launch as they could change.
White also notes that he expects Apple to enable motion sensing technology and a touchscreen remove to control the new device.