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iPhone apps may triple: Ebay

CALIFORNIA – EBAY Inc chief executive John Donahoe said its application for Apple Inc’s iPhone has been downloaded 10 million times, and the company expects US$1.5 billion (S$2.1 billion) to US$2 billion in transactions to be conducted using the mobile application this year. Mr Donahoe said its iPhone app was responsible for US$600 million in volume last year.

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