AAPL: iMac With ‘TV Capability’ Could Precede TV Set, Says Wedge

Amidst frequent speculation that Apple (AAPL) will produce a full-blown television set at some point, Wedge Partners’s Brian Blair today writes that there is “a step in between,” namely a revamp of the company’s desktop�iMac computer�with a “TV capability.”

Blair, reflecting on the lack of any real evidence Apple is gearing up for TV production, opines that a refresh of the iMac line in the first half of next year could integrate the functions Apple currently offers in its $99 set-top box called “Apple TV,” producing “a slimmer all-in-one PC with TV capabilities.”

“Apple could effectively start with what they already have on the manufacturing line,” writes Blair, “and slowly push their offering from 27 inches and scale up from there to 32 inches and then move on to the 42, 50 and 55 inch market.”