Edit to add: this is the primary advantage of having great cash flow and a lot of capital: Apple can choose when to launch new products; they don't have to force things out the door to keep the lights on.
Exactly. They kept an x86 version of OSX for many years until 2005 when they did the switch, so I would expect them to have several prototypes of hybrid OSX / iOS devices like the Surface that they are playing around with while looking to find the right formula, not to mention integrated Apple TVs og Apple TVs with beefier graphics cards.