3 Reasons Needham is Unconcerned About Apple's (AAPL) Position in the 450 Page Anti-Trust Report

Needham & Company analyst Laura Martin reiterated a Buy rating and $140.00 price target on Apple (NASDAQ: AAPL) after the house released a 450 page Antitrust report including threats posed by many major technology companies including Apple. The analyst offered 3 key takeaways:

a) dozens of complaints about AAPL (out of the 20mm app developers and 1.8mm apps in AAPL's App Store), with zero positives about AAPL's value to consumers or life-improving innovations

b) underscores AAPL's strong shareholder value proposition and finds fault with widely used business practices such as bundling

c) most complaints about AAPL are biz judgments (they charge too much, they pre-load their apps, etc), and not easily fixable through regulation

Summarizing her findings, the analyst stated "because AAPL's core asset is access to nearly 1B of the wealthiest consumers, we do not expect this report to materially impact valuation".

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $113.77 yesterday.

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