Apple Developing 42 and 50-inch iTV Models, New Report Says

A new report says that Apple is preparing to develop two different versions of its rumored iTV device.

An anonymous source has stated that a 42 and 50-inch version of Apple's iTV are currently in the development stages, according to USA Today. Apple's design head Jonathan Ive is currently working on the new product for the company.

Earlier rumors suggested that Apple's iTV would be made available in sizes ranging from 32-inches to 55-inches. More specifically, Apple was said to be launching 32 and 37-inch models.

The anonymous source, who once worked for Apple, leaked the details surrounding the two versions of the iTV, according to USA Today.

The report also reaffirms a number of previously reported iTV features. Siri-powered controls, iOS app support, AirPlay, iCloud support and deep iTunes integration are all but confirmed to be a part of the iTV's final production.

USA Today went on to report that stalled negotiations with content providers within the TV industry are a "major roadblock" for Apple. Apple wants to offer its viewers a line of popular TV shows for its new product, but it has had some difficulty securing licensing agreements thus far.

Apple co-founder Steve Wozniak gave a statement on the company’s plans for the iTV: "I do expect Apple to make an attempt, since I expect the living room to remain a center for family entertainment, and that touches on all areas of consumer products that Apple is already making."

Piper Jaffray analyst Gene Munster previously stated he believed Apple would sell its first television by the end of this year. Munster proceeded to change his retail debut date for the TV, now stating that the television will likely launch by the end of 2012. detailed more of Munster's projections for the Apple iTV: "Last week at a Business Insider conference, Munster said that Apple firmly believes consumers want an all-in-one television that isn't tied down to external boxes. He also predicted that Apple would sell its line of televisions for twice the price of a comparable alternative. Like Smarthouse's sources, Munster believes the televisions will come with Siri support and a few different screen sizes."