According to a report in the Wall Street Journal “people familiar with the situation” revealed that Apple is working with component suppliers in Asia to settle on a large screen high-definition design.
Two sources revealed that Hon Hai Precision Industry, Co.—which assembles iPhones and iPads—has been working the Sharp Corp. in Japan to construct the design. “It isn't the formal project yet,” said a source. “It is still in the early stages of testing.”
Despite the rumors, former Apple executive Jean-Louis Gassee doesn't believe that the technology giant “will make, or even wants to make” a television. From his Monday Notes column:
To realize the dream, you need to put a computer—something like an Apple TV module—inside the set. Eighteen months later, as Moore's Law dictates, the computer is obsolete but the screen is just fine. No problem, you'll say, just make the computer module removable, easily replaced by a new one; more revenue for Apple…and you're right back to today's separate box arrangement. And you can spread said box to all HDTV's, not just the hypothetical Apple-brand set.
If Apple were to get into the television game, they'd likely be as popular as their other items. According to its 2012 annual report, Apple has 390 stores, an average of $51.5 million per location. It's also increased its workforce from 60,400 last year to 72,800 in 2012.