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I don't think Apple will ever launch a dedicated gaming machine (or TV), nor do I think they need to.

I do think iOS devices will allow you to play mobile games off tv with a standard controller and yes there will be some bleed of less 'core' gamers to this (or Android Galaxy S4 which already allows this or the various home consoles using Android/iOS) especially as the tech gap between mobile and consoles shrinks.

I don't think this will 'kill' Nintendo though but it will be distruptive for the industry as a whole.