S&P Equity Research Reiterates 'Hold' Rating on Apple (AAPL)
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S&P Equity Research reiterates a 'Hold' rating on Apple (Nasdaq: AAPL).
S&P analyst, T. Smith, says, "AAPL announces that programming from TimeWarner's (NYSE: TWX) HBO unit is available for purchase via iTunes. Series now on iTunes include Sopranos, Sex and the City, Deadwood and Rome, as well as current shows Flight of the Conchords and The Wire. Users can purchase individual shows or entire seasons of programs. We think this is a notable win for AAPL, because of the stature of HBO, the marquee nature of some of this content, and what we consider a recent absence of momentum in the video area. Nonetheless, we see AAPL as fully valued at 36X our FY 08 (Sep.) EPS estimate."
Apple Inc.designs, manufactures, and markets personal computers, portable digital music players, and mobile communication devices and sells a variety of related software, services, peripherals, and networking solutions.
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Hold Onto Apple Stock?
Eugene on May 14, 2008 06:55 PMThe news is bullish, & beefier iPhone will help the bottom line. However, I wonder how difficult it will be for Apple to go through the $200. resistance level where, with 20/20 hindsight, we should have sold before. I don't have the answer ,just asking the question.