An analyst released an interesting report about the heavily rumored Apple TV set on Tuesday, saying the purported "iTV" could feature a 60-inch display and an “iRing” controller, among other features.

In his report, Topeka Capital Markets analyst Brian White said the iTV could feature a 60-inch display, although White does not rule out 50- to 55-inch display options. Apple could also release a device called the “iRing,” which users can slip on their finger and interact with the iTV and navigate the different menus and other functions, notes Associated Press.

White’s report mentions the iTV could be bundled with a “mini iTV,” and the two Apple products can be seamlessly integrated so users can switch between the two devices while watching a television show. The “mini iTV” will serve mainly as a complimentary device to the iTV but will include the ability to use Siri and FaceTime. White does not believe the device will include a lot of features found in the iPad. The “mini iTV” is said to feature a 9.7-inch display, much like the iPad, while also sharing similar design features with Apple's tablet. White’s report says Apple could include different bundling options where up to four “mini ITV” devices could be packaged with the iTV.

White’s report also indicates Apple’s rumored “iWatch” will be integral to the iTV experience, and the device could be used in conjunction with the iRing to control the TV system, including scheduling recordings without having to have an iPhone or smartphone nearby.

The iTV, according to White, will be on sale later this year at a price range between $1,500 and $2,500. White based his reports on recent trips to Taiwanese and Chinese manufacturing facilities with Apple contracts.  

Apple CEO Tim Cook tried to quell the rumors of an Apple television set in an interview with Brian Williams in 2012, but believes the tech giant can capitalize on an untapped market. The rumors of an Apple television set began when Steve Jobs' biographer, Walter Isaacson, revealed Jobs had visions of transforming the television landscape and said, shortly before his death in 2011, "I finally cracked it." In December 2012, it was rumored that Apple was testing displays with Foxconn and Sharp Corp.

News of a possible 60-inch Apple TV has been met with some skepticism while the tight-lipped Cupertino, Calif.-based tech company has remained silent about their plans for a television set. Research notes from analysts are important -- they can give a sense of what a company may do based on manufacturing, but are not based on actual product designs or statements from a company.