There has been much talk about an Apple iTV and although nothing has been confirmed, there is still much speculation. Brian White, an analyst for Topeka Capital Markets, recently reported from an unnamed source that Apple Inc. (NASDAQ:AAPL) may release the iTV during the second half of this year.

Moreover, the new iTV could include some innovative features which could change the way people watch TV.

Apple iTV

White shared valuable information with investors in the following note and said, “Our meeting with an [sic] tech supply chain company suggests to us that a full blown Apple Inc. (NASDAQ:AAPL) ‘iTV’ will launch in the latter part of 2013. Clearly, there has been plenty of mis-guided speculation around the timing of the Apple Inc. (NASDAQ:AAPL)’s ‘iTV’ launch and we believe that this is largely due to changes by Apple Inc. (NASDAQ:AAPL), most recently around the creation of entirely new user interface aesthetics.”

He went into further details describing the device. The iTV is predicted be about 60 inches, although it may include 50 or 55 inches. Apple Inc. (NASDAQ:AAPL) may have also a small device called the iRing which is worn on the user’s finger and is used as a navigation pointer to enhance the motion detecting experience and work as a remote.

Apple Inc. (NASDAQ:AAPL)’s iTV reportedly also features a mini television screen that allows users to watch content on a smaller 9.7 inch screen, which means it will open up the use for home security, video conferences, and phone calls. iTV users will most likely be able to use Siri and FaceTime.

What’s more is the miniature iTV screens will show content from the larger TV from a distance of up to 200 meters. This means that virtually any room can access content from the main television set. Apple Inc. (NASDAQ:AAPL) could offer one mini iTV screen with every iTV but users could purchase four iTV screens as part of a package deal.

Although it’s predicted the mini iTV screens will be around the same size as the iPad, it would not serve as a replacement to the iPad.