The Apple label is as ubiquitous as apple pie these days. With iPhone, iPod, iTunes, and iPad revolutionizing the consumer electronics industry, one wonders what Apple, Inc (NASDAQ:AAPL) is up to next. Will the company go for the TV industry? It’s certainly starting to look that way.
There are secrets floating around that the Apple TV is in the making. No, we’re not talking the little set top box that is offered at the moment. We are talking about a real Apple TV.
An Apple TV model could possibly hit the shelves late in the year of 2012. The target could be reached early in 2013. Apple has already signed a five-year contract with LG and has made an initial investment of $500 million. That means Apple is more than likely going to be in the television business in some fashion or form. This has to be a blessing for LG Electronics (LSE: LGLD).
Apple probably waited until the price of TV’s dropped, and that day has finally arrived. The price of LG televisions have dropped for the most part. Market prices keep dropping.
As of now, the Apple TV is only rumor. Other sources are predicting that an Apple HDTV could could surface in March of 2012. We’ll have to wait on that note.
In other related news, Apple has canceled iTunes TV Rentals program.
