Carl Celian Icahn, an American businessman and activist shareholder, is arguing that Apple will still jump into the television market despite opposing reports from media.
On Tuesday, an English-language international daily newspaper Wall Street Journal reported that Apple gave up its efforts to develop televisions on the grounds that it is difficult to penetrate the market where Samsung Electronics has already dominated.
The journal said Apple gave up its business a year ago and disbanded the relevant team too.
However, on the same day, the investor Carl Celian said in an interview with CNBC, “Apple will launch UHD TV and automobiles in the market next year and will also advance into the auto market in 2020.”
Carl Celian Icahn also said Apple’s stocks are too undervalued. The appropriate price should be $240, twice the current price. Fueled by his remark, Apple’s shares rallied up 1.1 percent on the day.
Apple long focused on developing television technologies by unveiling set-top box Apple TV in 2007. The late Steve Jobs also showed his interest in TV project in his autobiography published in 2011.
However, despite the growing speculations and expectations, Apple has never officially admitted that it is developing television.
By Chun Go-eun
