“Apple is expected to launch a new Apple TV in the coming months with limited storage, a lower price, and its own App Store, paving the way for an Internet-connected HDTV as soon as 2012,” Neil Hughes reports for AppleInsider.
“Analyst Gene Munster with Piper Jaffray on Monday issued a note to investors in which he reiterated his belief that Apple plans to launch a connected, full-fledged HDTV in the next 2 to 4 years,” Hughes reports. “He acknowledged recent rumors that the existing Apple TV set top box will be renamed iTV, but said that the anticipated product update will only be a stepping stone to the eventual flat panel living room TV.”
Hughes reports, “A key component for the Apple television set, Munster believes, will be Apple’s soon-to-launch data center in North Carolina. He believes the massive location could serve as a hub for a cloud-based iTunes service that would allow users to stream their catalog of movies and TV shows. Munster believes the upcoming Apple TV update will add an App Store, allowing users to download applications to run on the device.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Judge Bork” and “Lava_Head_UK” for the heads up.]