Reports say that Google Inc. (NASDAQ:GOOG) has been working on a home entertainment system.

Google Inc. (NASDAQ:GOOG) To Launch Home Entertainment System?

It has been reported that Google Inc. (NASDAQ:GOOG) is developing a new home entertainment system that can stream music wirelessly throughout the home.

This product would be the first consumer electric device to be marketed under its own brand name and it could reach the public some time this year.

The report also says that the system will stream music from an online music store to Google-branded devices and would be controlled by a smartphone or tablet.

However, Google Inc. (NASDAQ:GOOG) spokesman declined to comment on the report.

Google Inc. (NASDAQ:GOOG) shares are currently standing at 611.46.

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