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Apple will show off the much-awaited, revamped Apple TV at the upcoming World Wide Developers Conference (WWDC) in June, a new report indicates.

The current Apple TV is pretty limited in its capabilities, essentially functioning as a media streamer. It’s long been rumoured to get additional capabilities like the ability to run apps, similar to the iPhone and iPad. It seems Apple is finally ready to make this move and graduate the Apple TV from a mere ‘hobby’ by giving it more powerful hardware and an App Store of its own, amongst other new features.

BuzzFeed quotes “sources familiar with the company’s plans” to report that Apple will use its annual developers conference – dates for which are yet to be confirmed, though it’s usually held in June – to unveil the new Apple TV as well as a software development kit (SDK) that developers can use to build apps for the next-generation hardware.

To drive these apps, Apple will reportedly fit the new Apple TV with the A8 SoC seen inside the iPhone 6 and iPhone 6 Plus, as well as enhanced storage. The report adds that the new Apple TV is also likely to ship with a brand new remote and “will “support Siri voice control of Apple TV, and enable it remotely for a selection of HomeKit-enabled home automation devices.”

(Also see:Apple TV Price in India Slashed to Rs. 5,900)

The report ties in with recent developments like the price of current-generation Apple TV getting slashed to $69 and reports of Apple planning to launch its own online TV service.