Los Angeles
– An anonymous tipster tells Engadget that the next iteration of Apple’s (NASD: AAPL)
streaming media server, Apple TV, will abandon the set-top box shape in favor
of a smaller device based on the iPhone that will sell for $99, down from the
$230 price tag of the current model.

Engadget said its tip was "confirmed by
a source very close to Apple."

The new Apple TV will reportedly feature
just two ports, for power and video output, and may focus on cloud-based
storage, streaming 1080p HD content to televisions.

The report states that
Apple is unlikely to announce the new device at its upcoming WWDC event, at
which it is expected to focus on a new iPhone.


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