09/06/2012 09:51 am ET Updated Nov 06, 2012

Apple iTV, Bogged Down By Negotiations, Won't Be Coming Out This Year

Apple is vying with the likes of Google Inc. (GOOG), Microsoft Corp. (MSFT) and Inc. (AMZN) to make TVs the digital hub of people's lives in an industry projected to reach $200 billion worldwide by 2017. Whoever wins must first strike deals with media companies or cable providers who have little incentive to cede valuable revenue streams. The result: Apple won't be releasing a new TV product this year, as analysts had predicted, said a person familiar with the company's plans.

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