An executive at Google is predicting that an iPod will hold all the world’s TV in 12 years.

Speaking at the FT World Communications Conference, Nikesh Arora, Google’s VP of European operations, told delegates that, in the coming years, the plummeting price of storage and its increasing volume-to-size ratio will give iPods almost unlimited potential to hold music and video.
Arora said, by 2012, iPods could launch at similar prices to those on sale now and yet be capable of holding a whole year’s worth of video releases. Around 10 years down the line that could be expanded, creating iPods that can hold all the music ever sold commercially.

“In 12 years, why not an iPod that can carry any video ever produced?” said Arora.

While the idea may initially seem far-fetched, the idea of putting all your music onto a device the size of a pack of cigarettes may have seem just as far-out to people 12 years ago.

Google has been focusing its efforts recently on monetizing free video content, with projects like Google Video and the acquisition of YouTube.