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The iPhone Wrap: Tablet Could Sell 2 Million In 2010; Apps Go Underground; Sirius Sales So-So

If Apple (NSDQ: AAPL) is indeed working on a large internet-connected tablet that would be bigger than an iPod, but smaller than a laptop, then here’s the scoop according to Piper Jaffray’s Gene Munster, who even provides a computer-generated mock-up of the fictitious device.

Fortune reports that according to Munster’s sources in Asia, the device will be run most iPhone applications, but also have a separate category of apps; it will be primarily used for web-surfing, email and digital media, it will be priced between $500 and $700; and it will be connected to a cellular connection (AT&T (NYSE: T) or Verizon). His guess is that it could sell up to two million units at $600 each in 2010 to generate $1.2 billion — adding 3 percent to Apple