Analyst sees terabyte iPod in Apple's future

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Apple could possibly create an iPod with 1 terabyte of storage, as well as a true “iPhone” says one analyst. “A terabyte iPod might sound crazy today, but we believe in five years a terabyte iPod will emerge as a portable home media center,” says Piper Jaffray senior analyst Gene Munster in an research report obtained by iLounge. “We continue to believe that Apple will enter the mobile phone market. We would not expect an ‘iPhone’ to be launched for at least 12-18 months.”

The report also discusses possible future plans for iTunes and the Mac mini. “The key to iTunes in the next 12-24 months will be gaining access to more video content… Apple will work with networks, film studios, and other content providers to coerce them into offering more content via iTunes,” continues Munster. “Expect Mac to become a hub for consumer digital media as Front Row technology gets incorporated into the Mac Mini.” The report also mentions a possible AirPort Express for video to stream video from iTunes to TV.