Apple tipped to release its new TV soon -

Apple has booked the hall to launch its iPad 3 but there is some speculation that the outfit might save a bit of cash by also showing off the iTV.

The LA Times has found someone in Apple HQ who has told it that Apple's TV set-top box could also make its debut and it will have the ability to stream 1080p video from iTunes, Netflix and other video services.

Former Apple CEO Steve Jobs tried unsuccessfully to get his outfit running televisions. Apple thought that one of the reasons is that Apple TV products were all low resolution affairs and could only manage 720p resolution video.

It is also supposed to ship with a retina display which should allow pixels to be indistinguishable from each other to the human eye at a distance of about 10 to 12 inches.

The thought is that the Apple TV will have a variation of the dual-core A5 processor found in the iPad 2. The A5X will have two processing cores, but add an improved graphics engine to make sure that it could handle the "smooth video playback."

It would probably have a Bluetooth 4.0 remote control, and Siri support along with a Hi-Res movie channel in the iTunes Walled Garden of Delights.

A reason that the iPad and the iTV might be launched together is that the latter could interact with the iPad, acting like a giant remote control which is used to find the content and then export it to the big screen.

The rumour is viable as we have been waiting for some time for Apple to announce a new launch date for its iTV. Either way we will only have to wait for three days to find out.