Piper Jaffray: Apple could sell 5-10 million iWatches in first year

In a survey of 799 U.S. customers, 12% of iPhone owners said they might buy one.

FORTUNE -- Apple (AAPL) does not sell a smartwatch. It hasn't introduced one or said anything about making one. But it has filed patents for a computerized touchscreen wristband, and this summer it registered the iWatch trademark in half a dozen...

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