Apple CEO Tim Cook recently shot down earlier talk that the company is interested in a foray into the home console business.

Speaking to reporters at the D10 conference, Cook said, "I'm not interested in being in the console business in what is thought of as traditional gaming. But Apple is a big player today, and things in the future will only make that bigger."

This spring, it was rumored that Apple would release its own home console this year, and there was also a report that Cook visited Valve possibly related to a console partnership. Valve denied that the visit occurred.

Of course, Apple is already involved in gaming via the iOS platform, and if you want to split hairs, you could scrutinize Cook's use of the word "traditional" if you want to speculate further.