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Apple's Jobs Introduces Apple TV Set-Top Box for Shar
From: David Farber <dave () farber net>
Date: Tue, 9 Jan 2007 13:53:38 -0500
Apple's Jobs Introduces Apple TV Set-Top Box for Sharing Files 2007-01-09 12:41 (New York) By Connie Guglielmo Jan. 9 (Bloomberg) -- Apple Computer Inc. Chief Executive Officer Steven Jobs introduced Apple TV, a product that works as a set-top box and allows users to transfer digital video files, photos and music to their television. The product, with a wireless connection and remote control, has an internal hard drive of 40 gigabytes, Jobs said today in a presentation to the Macworld Expo conference in San Francisco. Consumers can use the product to buy content from the company's iTunes online store, Jobs said. Apple TV was released during Jobs's annual presentation at the event. While analysts and investors are anticipating Jobs will also announce a mobile phone based on the company's iPod digital music player, the TV product, initially named iTV, may generate more sales. ``In terms of the digital home, iTV is a much more important product to Apple,'' Romeo Dator, fund manager of U.S. Global Investors Inc., said in an interview today from San Antonio. He helps manage $4.6 billion including Apple shares. ``People want ease of use and fewer devices.'' Shares of Cupertino, California-based Apple rose $2.18, or 2.6 percent, to $87.65 at 11:30 a.m. in Nasdaq Stock Market composite trading. They gained 18 percent last year after more than doubling in 2005. iPhone? Analysts such as Keith Bachman at Banc of America Securities and Benjamin Reitzes at UBS AG said they are expecting that Jobs will introduce new software as well as the mobile-phone. Jobs may also unveil new iPods. Bachman predicts Jobs will release an all-white phone with no keypad and two batteries, one for powering phone features and the other for music. Apple may start selling the device in March or early April and may sell as many as 4.9 million this year, New York-based Bachman said in a Jan. 5 report. The company has sold more than 2 billion songs on its iTunes Web site, or more than 5 million a day, or 58 every second, Jobs said. The site has also sold more than 50 million television shows and 1.3 million movies, Jobs said. The company today said it reached agreement with Viacom Inc.'s Paramount Pictures to sell movies on iTunes. The company will sell 250 million movies on the site, he said. ``Zoolander,'' starring Ben Stiller, is among Paramount movies that will be sold in iTunes, Jobs said. He demonstrated sending the film from a computer to a TV. --With reporting by Karen Moskow and Tony Greco in New York. Editor: Moody ------------------------------------------- ----------------------------------------------------------------------- You are subscribed as lists-ip () insecure org To manage your subscription, go to http://v2.listbox.com/member/?listname=ipArchives at: Archives: http://archives.listbox.com/247/
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- Apple's Jobs Introduces Apple TV Set-Top Box for Shar David Farber (Jan 09)