No April 1 Products According to UBS
No April 1 Products According to UBS
by , 9:00 AM EST, March 22nd, 2006
Apple is not likely to hold a special 30th anniversary event on April 1 to announce new products, according to UBS investment analyst Ben Reitzes. Instead, he expects Apple to release products in the near-term as they are ready, including an Intel-based iBook and a larger format MacBook Pro in the June quarter. A new video capable iPod, download service, and other iPod models may be coming by this fall.
Mr. Reitzes is also following France's pending law that will require companies to open their DRM technology to competitors. He sees the possibility of allowing the iPod to play music from non-iTunes sites as one more way to boost French iPod sales. He also notes that it is too early to make a definitive analysis, and will continue to monitor the situation.
UBS is maintaining its buy position and target value for Apple's stock at US$100, siting that potential near-term risks have already been taken into account in shares. Apple's shares slipped to close at $61.81 on Tuesday after Mr. Reitzes released his report.
Apple is currently trading in the pre-market at $62.22, up 0.41 (0.66%).
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
Observer Comments
... and I predict that there WILL be a media event near the time of Apple's 30th Anniversary. Not only will they announce a new video iPod, they will also announce, as the result of an earth-shattering settlement with Apple Records, a new Beatles Limited Edition iPod and that the Beatles' music will be downloadable exclusively through the iTunes music store.
How's that for a baseless prediction?
QuoteGuest wrote:
For fun, they should roll out a new product ... and have Woz show up on stage to celebrate the Anniversary. The crowd would go nuts to see both Steves on Stage.
Imagine the contrast to what would happen if Ballmer and Gates were on stage togeteher ... YAWN!
The two Steves thing would be nice, but won't happen, since there is animosity between them these days, sad to say.
Have to agree on Gates and Ballmer being a yawner though. Combined, they have about the charisma as a ball of lint.
Bill hasn't been 'cool' since the DoJ trial trashed MS's rep, and Ballmer is just an ape with bad manners. MS really should consider hyping someone else to give the big keynotes and such. I dunno... how are Allchin's speaking skills? If he's even one-tenth as good as Steve, thats a huge upgrade from the Billy and Baldy show.
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