If Apple does indeed launch a television set (I'm increasingly skeptical because of content distribution rights), it could answer the questions investors have had in recent months about innovation going out the window with Jobs' passing. Piper Jaffray analyst Gene Munster continues to believe that Apple will announce a television as early as the December quarter this year. He believes a TV could add as much as 5% to 2014 revenue, but the innovation concerns would be withdrawn.
"We believe investors have wondered if Apple can put out new and innovating products without Steve Jobs," Munster wrote in his note. "We believe that ultimately, if Apple is viewed as a company that can innovate, the multiple will improve." Apple shares were lower in early Wednesday trade, off 1.35% to $454.89. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull