Piper Jaffray (NYSE:PJC) continues to believe Apple (NASDAQ:AAPL) is arranging to launch a television after speaking to a major TV component supplier who was contacted by Apple regarding various capabilities of their television display components.The firm said it is confident that Apple will enter the connected TV market, but notes the timing remains uncertain. The firm thinks a television launch target is likely in late 2012 and keeps an Overweight rating on Apple shares.Apple (NASDAQ:AAPL) has potential upside of 24.9% based on a current price of $458.41 and an average consensus analyst price target of $572.5.