NEW YORK (

TheStreet

) -- A new operating system for the rumored iTV, Tim Cook's comments at a major conference and potential iPhone 5 features are some of the top

Apple

(AAPL) - Get Report

stories of the day.

Rumors about Apple's new television have swirled seemingly forever, but now we have reports that a new operating system for the

oft-rumored television set

is going to make its

debut

at the company's developer conference, WWDC, next month.

The new OS is said to have more features than the operating system used on the existing set top box Apple TV, which is partially derived from the company's mobile operating system, iOS.

CEO Tim Cook spoke at the

D: All Things Digital

conference late on Tuesday, discussing the new Apple TV, the company's direction and his relationship with Steve Jobs.

See 5 Things We Learned From Tim Cook

Cook also spoke about wearable technology, something Apple has lightly ventured into with its iPod Nano technology, adding that this is an "interesting area." He also spoke about Apple's relationship with

Facebook

(FB) - Get Report

. "I think the relationship is very solid," Cook said. "We have great respect for them. I think we can do more with them. Just stay tuned on this one."

As the iPhone 5 gets closer, more rumors about the device crop up seemingly every hour of every day. Now we have a

report

that the phone's screen may measure 4-inches diagonally. The device may also feature a repositioned FaceTime camera, according to

9to5Mac.com

.

The iPhone 4S has a 3.5-inch diagonal display.

If the new phone has a 4-inch diagonal display, this movies could watched in 16:9 aspect ratio, the same as high-definition TV.

Shares of Apple are down 0.17% to $571.30 in early Wednesday trading.

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--

Written by Chris Ciaccia in New York

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