3 Things That Can Boost Apple Inc. (AAPL) in 2013

3) “Apple Television.”

This may be the Apple Inc. (NASDAQ:AAPL) prediction that Munster is most famous for, as he’s mentioned many times that he expects an Apple TV to be announced sometime next year, with a release sometime around November 2013.

Originally reported by Business Insider, this line of thinking was mentioned in the analyst’s “product roadmap,” which mentioned: “November 2013: An Apple TV comes out. It should cost $1,500-$2,000 and come in sizes from 42-inches to 55-inches.”

Using these price figures, a report from Morgan Stanley using data from an AlphaWise consumer survey estimates that Apple could see TV-related U.S. revenues of $13 billion if the company made an entry into the living room next year. From an earnings standpoint, this would increase EPS by $4.50, giving next year’s consensus ($48.78) upside of 9-10%.

Keep in mind that these estimates are limited to the U.S. specifically; the report indicates that a worldwide release of an Apple TV over the longer term can “multiply those estimates by four,” via StreetInsider.

So, what can investors do at the moment?

Fortunately, even if none of these forward-looking growth catalysts materialize, Apple Inc. (NASDAQ:AAPL) is still a very attractive investment at its current levels. Shares sport a mere forward earnings multiple of 9.0x, and trade at a severely depressed PEG ratio of 0.6. Regarding the PEG, this figure is based off of the sell-side’s growth estimates, which expect annual EPS growth to average 19.6% a year over the next half-decade.

By comparison, the Street expects Google (15.7%), IBM (9.9%), Microsoft (9.6%), and Cisco (9.4%) to grow their bottom lines at a much slower rate, which explains why each trades at an elevated earnings growth multiple. At 1.4, Google’s PEG is more than double that of Apple’s, and IBM (1.4), Microsoft (1.5), and Cisco (1.4) are as well.

If Apple Inc. (NASDAQ:AAPL) is able to achieve even one of the three growth drivers set forth by Munster that we’ve discussed above, it’s likely that shares of the tech giant can be catapulted back toward a fairer valuation. With the possibility that all three scenarios could be in play by this time next year, it’s not a stretch to consider the Piper Jaffray analyst’s $900 price target as a reasonable expectation.

For more of what investors can expect from Apple next year, continue reading our coverage below:

Here’s How Apple’s ‘iTV’ Can Up EPS by $4.50 Next Year

Is Apple Fighting With Google and Microsoft for a Key Acquisition?

Is Apple Really Facing a ‘Radical Growth Slowdown’?