RUMOUR: Apple console in the works

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Parts of the internet went mental at the weekend after it was revealed that Apple boss Tim Cook had visited the offices of Steam owner Valve.

But talk of a possible acquisition was wide of the mark. However, Cult of Mac claims to have word on the true reason behind the visit – Apple is working on a games console.

Cult of Mac reckons that in conjunction with this project Apple is also working on an iTV product – an Apple branded HD TV that will integrate the company's digital services and Siri voice commands.

It believes that the TV will ship with an Apple-branded, Kinect-likevideo game console” that will integrate motion and touch control.

However, where the story falls apart a little is on further claims that Valve is looking to team with Apple for its mysterious console project. Yep – that's the one that was rubbished by Valve this morning.