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Speculation On Apple's Next Big Thing: A Home Entertainment Center

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Steve Jobs of Apple (AAPL) stated in his just released biography by Walter Isaacson that “television” is another consumer product area that he wanted to revolutionize. He goes on to say that "I'd like to create an integrated television set. It would be seamlessly synced with all of your devices and with iCloud ... It will have the simplest user interface you could imagine." Given that, you have to believe that Apple has initiated a highly secret internal project to move this idea forward. The only question is how far downstream are they? Monday morning Gene Munster of Piper Jaffray who has also been speculating on this idea for some time, is saying that Apple is already...

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