Apple may unveil 60-inch iTV this year

It's no secret that Apple  wants to get into the living room by making its own TV set, and there have been plenty of rumors and reports about how and when it's going to happen.

Now, an analyst says he's learned that the set will go on sale late this year, for $1,500 to $2,500.

In a research note on Wednesday, Brian White of Topeka Capital Markets says the " iTV" will be 60 inches (150 centimeters) on the diagonal, but could also come in 50- and 55-inch versions. Apple will also release a small "iRing" that fits on the viewer's finger, allowing the user to control the screen by pointing, White says.

The report is based on gleanings from visits with Chinese and Taiwanese companies that supply Apple with components, White says.