Apple iTV in 32- and 37-inch sizes could land in the summer of 2012

Rumors of the iTV picked up steam after Walter Isaacson revealed his plans for television to his biographer Walter Isaacson.

“I’d like to create an integrated television set that is completely easy to use,” Jobs was quoted as saying. “It would be seamlessly synched with all of your devices and with iCloud. It will have the simplest user interface you could imagine. I finally cracked it.”

The future Apple TV, or iTV, is proposed for the second quarter of next year in two sizes: 32 and 37 inches. Larger versions would come out later.

According to the latest Digitimes report, citing industry sources, the Asian sub-contractors for the Cupertino company will send the necessary components for the manufacturing of the Apple TV in the first quarter of 2012.

Korean media reports that Samsung Electronics has started making chips for iTV in November 2011 and that Sharp could likely be designated to manufacture LCD panels for the iTV.

According to the Wall Street Journal, the iTV could be equipped with motion or sound detectors, making it possible for users to control the TV through gestures or voice, which would allow Apple to stand out from its competitors.

Piper Jaffray analyst Gene Munster has been speculating that Apple may double the price of a regular television set for its device, meaning that the iTV could be valued at $1,600.