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Apple Only Has One Place to Go: Your Wall

Apple sure does sell a lot of different-sized rectangles.

People can buy a 2.5-inch iPod, 4.5-inch iPhone, 10-inch iPad, 11-inch MacBook Air, 13-inch MacBook Pro, 27-inch iMac, and plenty more variant sizes in-between. Now, with the introduction of the iPad Mini, which fits snuggly between the iPhone and iPad, the company is adding a new 7.9-inch screen to its collection.

It seems all Apple is missing is one really important rectangle: an Apple television.

It wouldn't be a stretch for the company to do this. It could simply take the ultra-thin iMac that it introduced on Tuesday, and well, stretch out the screen. Call it the iTV and voila, we're done!

The company has said in the past that it is not working on a television, but it also said it wouldn't make an iPad Mini, too. Given that Apple dominates all the other personal electronics it makes, it's quickly running out of places to dominate. The company has the fastest growing line of PCs, the most popular tablet computer, the best selling portable music player and don't forget about the little iPhoneâ€"the single most popular phoneâ€"which also doubles as one of the most popular point-and-shoot cameras.

I have no doubt that in the coming years Apple will start moving into entirely new types of businesses. The company has patented a slew of products for wearable computers. Its executives have also talked about building a car. Who knows?

But before it does that, it seems the company has one more place to go before it enters an entirely new market: your living room wall.