Taiwanese publication DigiTimes' supply chain sources point to a mid-2012 launch of Apple's much rumored full fledged entry into the Television market.
Suppliers would start preparing components for Apple's Television in the first quarter of 2012, with Samsung reportedly producing chips and Sharp supplying displays for the device.
At first Apple would be working on two variations of the device:
The displays of the new iTV sets will focus on 32- and 37-inch sizes initially, noted sources in the supply chain.
DigiTimes also notes that even though Apple is working on Television, it would continue manufacturing newer versions of the Apple TV, which recently received a price drop on Amazon.
The Apple Television, rumored to be Steve Jobs' last project, has been the subject of a lot of speculation. Till now rumors suggest a mid-size Apple television which would be tightly integrated with iCloud and Siri, and of course play all content on iTunes.

One thing different, Apple might have to eventually adopt in the TV industry and work with different TV sizes. Unlike phones, which have screen sizes within a certain bracket, TVs come in varied sizes with the upper limit increasing every year.
2012 is going to be an interesting year!
[via DigiTimes]
Hopefully we’ll see a 4s jailbreak before iTV….thanks devteam
32 and 37inch tv is way to small.
Would only consider buying 50 inch and up.
would only consider a 60″ or up. 50″ still too small.