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Apple (AAPL) could reap up to $17.5 billion in revenue in the first year of iWatch sales, says a bullish Morgan Stanley report, which says that consensus estimates don’t take into account possible new revenue sources tied to the rumored wearable device. “We think iWatch will set a new record for shipments in the first 12 months post launch,” wrote analyst Katy Huberty, who has an overweight rating on Apple’s stock. “While the use cases of an Scalper1 News
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