Piper Jaffray analyst Gene Munster finally admits to be wrong about Apple TV



While the analyst Gene Munster of Piper Jaffray maintained for some time that Apple plans changed on an Apple TV with a view to release in 2016, he now admits he was a little too confident in his predictions. Apple recently announced that it had indeed had plans to launch a TV but was also abandoned last year. Meanwhile, Gene Munster continued to hope for iTV.

“Given how adamant we have been about the reality of an Apple television, it’s hard to accept the reality of no Apple television,” Munster wrote in his note. “Our latest thinking prior to this story was that Apple would launch a television in 2016. Based on this report, we no longer expect a television to launch indefinitely.”

We too have an iTV hoped all this time, but obviously we will have to settle for a new Apple TV this year. The rumors were initially to correct that in the end believes that the market is too saturated to venture there. [Via Business Insider]

Follow us on Twitter, subscribe to our Facebook Page, find us on LinkedIn