U.S. Markets close in 55 mins

What is Apple Doing to TV?

Apple plans to release an updated Apple TV box next week alongside the much-hyped iPad 3, according to a rumor being circulated by 9to5Mac reporter Mark Gurman.

Don’t Miss: Apple Hints March 7 Launch for iPad 3.

The box is an updated version of the $99 set-top box that Apple currently sells, and is said to have improved specs and a new chip that allows it to play 1080p HD video. Unfortunately, Gurman doesn’t believe the rumors that the updated box will have Siri support.

Details of the updated box will be available March 7 at an event where Apple has teased it will launch the new iPad.

Investor Insights:

Apple’s Slice of Smartphone Sales Shrinks in Europe.
Microsoft: Our New OS Runs with the Bulls.
Tablets: What’s Hot, What’s Not.

To contact the reporter on this story: Diallah Haidar at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com