[josephlord]

I mostly agree with you. It isn't impossible but I still don't think that they will as they know the profit on the table isn't all that large.

TVs aren't as bad as phones were when the iPhone launched. Browsers were rubbish, data cost pounds per Megabyte and screens were small. The iPhone was disruptive. An Apple TV which did not come with enough content available to ignore broadcast/STBs would be competitive at the high end but not disruptive. And the vast bulk of the market is low end (well under $1000). I could be wrong but I don't see the room for Apple blockbuster in that market.