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Apple TV product to launch in 2013, says Topeka

After conducting checks, Topeka expects Apple to launch a TV that will "revolutionize the TV experience" in 2H13. The 60 inch TV will include a miniature device that will incorporate motion detector technology and act as a "navigation pointer," according to the firm. Also included will be a mini screen that will provide other types of functionality including video conferencing, added the firm, which maintains an $888 price target and Buy rating on the stock.