Pacific Crest's Andy Hargreaves wins the coveted title for this week's Most Idiotic Analysis concerning a rumored HD TV television set from Apple, aptly dubbed by the press the iTV.
In a note issued to clients on Tuesday, Hargreaves provided two arguments against an Apple-branded telly.
First, such a device would be of little value to couch potatoes unless it came with a bucket load of premium Hollywood entertainment. Up to a point, he argued Apple thus far has failed to get content owners in line to stream movies and television shows to the TV.
Bear with me for a sec.
Secondly, he wrote a 46-inch HD TV set "would be a terrible use of retail space relative to iPhone, iPad or the Apple TV set-top box".
Has this guy heard of warehouses? What about jumbo-sized walls of Apple's retail stores? And whoever said Apple would need to stock hundreds of big-screen iTVs in retail outlets, especially if they'll fetch a cool $2,000 a pop, as rumored...