That enthusisam stems in part from the recent Steve Jobs biography in which author Walter Issacson quotes Steve Jobs as saying, "I'd like to create an integrated television set that is completely easy to use. It would be seamlessly synced with all of your devices and ... will have the simplest user interface you could imagine. I finally cracked it."
For months the Street has been buzzing with reports about what to expect. According to one published report, unlike the current Apple TV which is a console unit, iTV is expected to be an actual flat screen TV available in two sizes; 32 inch and 37 inch screens.
Of course that begs the question whether a gadget of this magnitude will dissuade Apple from paying a dividend; will the new product strike some conservatism among the board of directors, making them reluctant to part with the cash?
Munster doesn’t think so. “Even with the investment in iTV, we’re past the breaking point for a dividend,” he says. And when will that long awaited divided come? “I expect something this year," he tells us.
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Trader disclosure: On Feb. 2, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Terranova is long GOOG; Terranova is long JOY; Terranova is long TRLG; Terranova is long AXP; Terranova is long MUB; Terranova is long LQD; Terranova is long SBUX; Terranova is long CNX; Terranova is long SU; Terranova is long OXY; Terranova is long MA; Terranova is long MCD; Terranova is long SNDK; Terranova is long EMC; Terranova is long IBM; Terranova is long VRTS; Najarian is long AAPL; Najarian is long BAC; Najarian is long PNC; Najarian is long GS; Najarian is long GDX; Najarian is long MSFT; Najarian is long AK; Najarian is long PCX; Najarian is long RSE; Kelly is long GLD; Kelly is long TLT; Kelly is long XLF; Kelly is long KRE; Kelly is long KOL; Kelly is long SLX; Kelly is long XHB; Kelly is long MHK; Kelly is long USG; Kelly is long SPY puts; Kelly is short Yen;
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