“With the release of the iMac in 1998, the iPod in 2001, the iPhone in 2007, then the iPad in 2010, what’s next? iTV in 2013? Here is why we think this is a must for Apple Inc.,” Meena Krishnamsetty writes for The Motley Fool.

“Apple already revolutionized two key devices that most people use everyday: the personal computer and mobile phone. The company has introduced another device that has also become a big part of people’s lives: the tablet. The next big step for the company is changing another device that people use everyday: the television,” Krishnamsetty writes. “Next to mobile devices, the television is one of the most widely owned and used devices. Over 99% of U.S. households have at least one television, with the average being over two TVs. The average time spent watching TV per day is over 5 hours, with 67% of people watching TV while eating dinner.”

Krishnamsetty writes, “At a time when Apple continues to break earnings records, we cannot help but look to the future to see where Apple’s projected 5-year EPS growth of 23% will come from. Apple has seen tremendous demand for its new iPhone 5 and is setting record sales data, yet the stock typically falls on the slightest news of a bottleneck. This is perhaps because the company has too much riding on its iPhone brand. Of Apple’s four key device categories, it derives the most revenue from mobile sales at 63%. Although tablets are still in their infancy stage relative to computers and phones, the tablet device will undoubtedly continue to eat into computer sales and be cannibalistic to Apple’s computer segment. An Apple TV could give the company a different dynamic.”

Much more in the full article here.

[Thanks to MacDailyNews Reader "Ellis D." for the heads up.]