The CS Monitor reports a note from Brian White of Topeka Capital Markets, said the "iTV" would be a 60-inch TV set, but would also come in 50 and 55-inch versions.
The remote will allegedly come in the form of an "iRing" that fits on the viewer's fingers and allows for the user to control the screen by pointing at it.
In addition, the set would come with tablet-like "mini iTVs," which would be able to wirelessly receive video from the iTV anywhere around the house. The tablets would be the same size as the original iPad.
Though Apple never discusses their future products before launching them, the late Steve Jobs -- who co-founded Apple -- once told biographer Walter Isaacson he wanted to remake the television and had already figured out how to do it.
The company has already tapped into the TV market with the Apple TV, a small box that connects television sets to iTunes and allows users to wirelessly display videos, photos and games from their Apple computers on their TV screens.
Analysts have said Apple's TV sets will go on sale later this year and will range in cost from $1500 to $2,500.