Apple's Highly Anticipated iTV May Still Come in 2013

iTV, the Holy Grail of mysterious Apple (NASDAQ: AAPL) products, is getting a boost of hype Wednesday after Topeka Capital Markets issued a new report.

According to the Associated Press, Topeka's Brian White believed that Apple will definitely release its first television this year.

What's more, White said that the price will fall between $1,500 and $2,500. He expects Apple to launch a 60-inch model but added that 50- and 55-inch versions are also possible. This would explain the vast price range.

While many have theorized that the iPad or iPhone could be used to control an Apple-made television, White believed that Apple will release a ring-sized device to replace the traditional remote control. The ring (or "iRing," as White called it) will allow users to interact with the TV by pointing at the screen.

Specific gestures were not mentioned, though one can assume that Apple will design many for users to memorize.

As clever as it may be, the iRing concept is nothing new. According to AppleInsider, third-party manufacturers been experimenting with device-controlling rings since 2007.

Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis@benzingapro.com. Follow him @LouisBedigianBZ