Barclays Maintains an 'Overweight' on Apple (AAPL); iPad an Enterprise Play
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Price: $442.93 --0%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
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Barclays maintains an 'Overweight' on Apple (NASDAQ: AAPL), PT $450.
Barclays analyst says, "We hosted a conference call today (2/10) with Forrester Research analyst Ted Schadler to discuss the topic of the iPad in the Enterprise: Opportunities and Challenges. Key takeaways from this call included: 1. Apple is currently running far ahead of its tablet competition and it's their game to lose 2. While Apple is clearly dominant, Forrester believes there is opportunity for others, namely Android and Research In Motion (Nasdaq: RIMM) (Apple share above its iPhone share and below iPod share). 3. While the company hasn't set up an enterprise salesforce, Apple has been listening and adapting to enterprise customers. 4. It is very hard to separate consumer from corporate units given more and more employees are buying devices and bringing them into work in the Consumerization of IT era. 5. Forrester believes that tablets could exist as a third device - not replacing a smartphone or laptop - but it does delay laptop replacements."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $354.54 yesterday, with a 52 week range of $194.06-$360.00.
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Barclays analyst says, "We hosted a conference call today (2/10) with Forrester Research analyst Ted Schadler to discuss the topic of the iPad in the Enterprise: Opportunities and Challenges. Key takeaways from this call included: 1. Apple is currently running far ahead of its tablet competition and it's their game to lose 2. While Apple is clearly dominant, Forrester believes there is opportunity for others, namely Android and Research In Motion (Nasdaq: RIMM) (Apple share above its iPhone share and below iPod share). 3. While the company hasn't set up an enterprise salesforce, Apple has been listening and adapting to enterprise customers. 4. It is very hard to separate consumer from corporate units given more and more employees are buying devices and bringing them into work in the Consumerization of IT era. 5. Forrester believes that tablets could exist as a third device - not replacing a smartphone or laptop - but it does delay laptop replacements."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $354.54 yesterday, with a 52 week range of $194.06-$360.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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