SEPTEMBER 12: Apple CEO Tim Cook speaks during an Apple special event at the Yerba Buena Center for the Arts on September 12, 2012 in San Francisco, California. Apple announced the iPhone 5, the latest version of the popular smart phone. (Photo by Justin Sullivan/Getty Images)
UNDATED (CNN Money) -- A tech industry analyst says Apple is moving closer to launching its own television set.
Brian White of Topeka Capital Markets says the "iTV" will be 60 inches on the diagonal and will go on sale late this year for between $1,500 and $2,500.
White says Apple will also release something called an "iRing" that fits on the viewer's finger allowing the user to simply point to the screen to control it.