In business news, investment banker Piper Jaffray is urging investors to focus on Apple's upcoming software strategy, particularly its upcoming App Store, which could generate over $1 billion by 2009. Per a research note offered to clients this morning, analyst Gene Munster said the financial prediction represents the better of a three-case scenario that would add anywhere from 1 to 3% in operating income for the Apple by the end of the 2009 calendar year.
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Piper Jaffray Estimates App Store Could Become $1.2 Billion Business by 2009
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