The same could be true for television screens.

Now that display prices have begun to decline, an Apple television in the 15- to 19-inch range and running the company's mobile operating system, iOS, is feasible. Such a TV would not only display video, but also could provide Internet access for playing games, running apps and socializing at places like Twitter, Facebook and Google+. Some of those things are , but a television would provide a much more seamless experience for consumers.

Alsop such a TV set from Apple would be available in time for the 2012 holiday season.

Earlier this summer, the Apple television rumor generated some buzz on the Internet when a former executive at the company, speaking on the condition he remain anonymous, confirmed to DailyTech that "the company's biggest upcoming product launch" would be its entry into the flat-screen television market.

Apple's television will "blow Netflix and all those other guys away," the exec boasted to DailyTech.