Apple cited market research yesterday showing that it's now the fifth largest retailer of music in the U.S., after Wal-Mart Stores Inc., Target Corp., Best Buy Co. and Amazon.com Inc. The iPod accounted for more than a third of the company's revenue in its most recent quarter and demand for new video products could help strengthen that business further, analysts say.
Apple said users will attach iTV -- a flat, square device that resembles Apple's Mac mini computer -- directly to their television sets and home theater systems through audio-video cables. The device will access audio and video files stored on a user's Mac or PC through a common wireless home-networking technology called Wi-Fi. Users will be able to navigate their movie and music libraries as they are displayed on a television set using an infrared remote control that connects to iTV.
So it's probably a Mac mini for $299, with assorted governors built in...