Apple to launch iTV?

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According to Commercial Times, a Chinese newspaper, Apple is this time working on cheaper iterations of the iPhone and iPad, along with a big screen television purportedly called iTV.
The ever innovative company has stepped first time into the television market. Having taken the smartphone experience to the next level, one can anticipate Apple to do something similar to the television, as well. iTV, the large screen television that the company is said to be making, is also expected to be finally unveiled in the first half of 2013, though no time period was mentioned.
With this news coming out, television companies like Samsung, LG, Toshiba will have to start rolling their sleeves up, to survive in the ever competitive market.

                                                      (By MS, 11/26/2012)