"We do not expect Apple TV this year," wrote J.P. Morgan's chief Apple (AAPL) watcher. "Our research does not indicate any looming TV-related product launch, and our model does not incorporate any potential impact from a TV device at this time. Despite the constant hum of media and investor speculation, we think any product entry will be measured in years, not quarters.
I'm not even sure about "years." See Tell me again: Why do we think Apple will make a TV set?
"We believe," Moskowitz continues, "that the economics of the TV industry are strained, despite there being suitable offerings from the likes of Sony, Sharp, and Samsung. Overall, we would be surprised to see Apple enter a new market unless the value proposition could support double-digit operating margins. In TVs, that bogey is rather elusive, in our view."
As near as I can tell, Moskowitz is the first mainstream Apple analyst to take a firm stand against the imminent launch of what others are calling iTV.
Interestingly, he thinks Apple's next big thing might be a mobile payment service he has dubbed iPay. "With this platform," he writes, "we theorize that Apple users ultimately could pay for goods and services using NFC [near field communication] technology embedded in their iPhone or iPad and tied to an Apple account."
That seems doable.
Google and other companies say Near Field Communications will change the way consumers interact with merchants. Too soon?
FORTUNE -- As mobile commerce emerges, companies like Google (GOOG), Square, and reportedly Apple (AAPL) are placing their bets on some form of mobile payment where the users' smartphone becomes a credit transactional device. On Monday, Jack Dorsey's startup Square, which reported the shipment of 500,000 Square card readers and processing of $3 MOREJP Mangalindan, Writer - May 25, 2011 11:58 AM ET
New York and San Francisco will be the testing grounds for the new technology.
According to a Bloomberg report today, Google (GOOG) will be testing its Near Field Communications (NFC) payment systems in the next four months, in the New York and San Fransisco areas. NFC payment systems aren't new. They've been deployed in Japan and other markets for almost a decade.
Google will pay for installation of thousands of special cash-register MORESeth Weintraub - Mar 15, 2011 10:40 AM ET
Eric Schmidt showed off some new features of Samsung's Nexus S Smartphone today at the O'Reilly Web 2.0 Conference today.
It looks like a big differentiator in Android 2.3, Gingerbread will be the support for Near Field Communications (NFC). Conveniently, the Google Nexus S, manufactured by Samsung will carry the hardware to be able to use the new software and allow developers to build applications like electronic payment systems into MORESeth Weintraub - Nov 15, 2010 10:16 PM ET
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