Billionaire Investor and Apple Shareholder Carl Icahn wants the company to Add a 4K TV to its Product Line
by Stephan Jukic – October 15th, 2014
Well known billionaire investor and major shareholder of Apple Stock, Carl Icahn has become very serious about pushing the company in the direction of more 4K technology involvement. The businessman has written an open letter to Apple’s executives urging that they start applying their market power and technological leadership towards adding an Ultra High Definition TV to their lineup of popular products.
To date, amongst all of the major consumer technology manufacturers, Apple has been by far the most hesitant when it comes to adopting 4K. While Samsung, Sony and others create smartphones with 4K cameras and are already planning on releasing mobile devices with 4K screens, Apple has made no mention of doing either thing.
Not only that, but the company has also so far failed to release a 4K monitor for its renowned line of Desktop computers, the Mac Pro. This despite the fact that Sharp, Dell, Sony and Samsung have all already started selling 4K PC screens. Dell has even gone as far as releasing a 5K screen.
In a letter signed by Icahn, his son Brett and his investment partner David Schechter, the group claimed that while Apple has so far said nothing at all about a TV set, they have “good enough reason to expect the introduction of an Ultra HD TV set in full year 2016”.
According to the investor trio, TV in general represents an incredibly large opportunity for Apple and an Ultra HD model would really be a blockbuster sales item for the popular consumer electronics company.
The letter by Icahn and his companions claims that 2016 would be an ideal year to go ahead with a UHD TV release due to replacement cycles for TV technology. They claim that the company could sell at least 12 million 65 inch models of the hoped-for TV in 2016 alone and could nearly double this figure to more than 25 million units sold in 2017 if they keep prices at around the $1,500 mark.
Given the current expectations for market penetration of 4K TVs in the next few years, the numbers put forth by Icahn don’t at all seem unreasonable. Furthermore, the 4K content landscape is also developing in the direction of much greater consumer demand for the TVs.
Icahn also claims that the opportunity before Apple isn’t simply limited to sales of Ultra HD 4K TVs. In his letter, he argues that the proposed TVs would be a great centerpiece to modern living rooms and would thus provide an excellent focal point and gateway for a growing ecosystem of Apple products that connect to the TV sets.
“Apple could sell Ultra HD movies and shows through iTunes over the internet to the Ultra HD TV since cable companies will likely be slow to upgrade their expensive linear infrastructure, as one example of an incremental opportunity”, according to Icahn’s detailed argument in favor of his proposal.
Currently, Carl Icahn is the owner of more than 53 million Apple shares through his company Icahn Enterprises. The billionaire Investor is also estimated by Forbes to have a net worth of more than $25 billion USD.
Story by 4k.com