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Apple is Working on a ‘Smart TV’ Prototype?

Apple is again rumored to be working on a ‘Smart TV’ which would extend its living room presence beyond the Apple TV, according to Morgan Stanley analyst Katy Huberty.
"Checks in Asia suggest Apple is working on a Smart TV prototype," Huberty said in a investors note obtained by BGR.
Huberty suggests Apple could once again create a whole new category of devices. The Smart TV could include "TV/Video content, gaming, DVR as well as other features like apps and FaceTime."
By 2013 such a device could earn Apple up to $4 billion for every 1% of the TV market it grabs, said Huberty.
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