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Piper Jaffray, Apple dispute iTunes sales drop

Contrary to a Forrester Research report on weak iPod sales in the first half of this year, Piper Jaffray says that “iTunes has shown “strong growth,” reports Reuters. “But Piper Jaffray analyst Gene Munster wrote in a research report that the number of songs sold per week on iTunes had risen 78 percent in the first nine months of 2006 compared with the same period in 2005.” In addition, the BBC reports that Apple denies the sales decline, stating “the report is ‘simply incorrect,'” but will not divulge iTunes financial figures.

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