Next Apple TV: $99, cloud storage and runs on iPhone OS 4?

If you were tired of hearing about iPhone 4G / HD leaks then now it’s time to reveal the next Apple TV. The new Apple TV (ATV) reportedly runs on iPhone OS 4, is powered by Apple’s custom-built A4 processor, is capable of full 1080p HD and would cost only $99.

Engadget recently reported that they received details about the new Apple TV “by a source very close to Apple”

The report said:

Not only will this be priced to sell (like hotcakes), it seems that Apple is moving away from the model of local storage and will be focusing the new ATV on cloud-based storage (not unlike Amazon’s streaming scheme, though we’re talking instant-on 1080P, a la Microsoft),

For those still interested in keeping their content close, there will be an option to utilize a Time Capsule as an external storage component, but the main course will be about streaming.

The new Apple TV hardware will be small with only a power plug and video out and has been referred to some as “an iPhone without a screen” and will support only 16GB flash memory.

Apple’s recent acquisition of music streaming service LaLa proves the company’s intension to aggressively move towards cloud based services.

PatentlyApple recently published a patent filed by Apple which suggests that Apple TV could present a “Simulated iPhone” on a HDTV so that the user could make phone calls or interact with the iPhone Apps or even read iBooks.

We might not hear any announcements about the new Apple TV during this years WWDC however, Apple could possibly introduce it during its annual iPod event.

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