The Wall Street Journal reports that Apple has shelved plans to introduce a 4K TV more than a year ago. The Cupertino-based company is said to be releasing a new version of its Apple TV set-up box alongside an Internet TV service next month at its Worldwide Developers Conference.

Apple is set to launch an updated Apple TV with a redesigned remote and perhaps with even more features and services.

One of Apple's Senior VPs remarked recently that the likelihood of an Apple HDTV display materializing in the near future is slim, mainly due to the company's inability to secure rights with major networks to broadcast their content.

Besides the iTunes music and movie stores, Apple has also launched the Apple TV in Singapore. The little black box will cost you S$148.

There will always be rumors surrounding Apple, about its next exciting product, be it a hit or miss, and this time, it's about flat screen TVs.

At its fall media event, Apple has announced new refreshes to its range of iPod media players and its one last thing: a smaller, revamped Apple TV