Ticonderoga Maintains a 'Buy' on Apple (AAPL); TV Buzz is Accelerating - Launch it and They Will Watch
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Price: $305.93 +0.22%
Rating Summary:
44 Buy, 29 Hold, 9 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
44 Buy, 29 Hold, 9 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Ticonderoga maintains a 'Buy' on Apple (NASDAQ: AAPL)
Ticonderoga analyst says, "We believe Apple's entry into the $100 billion LCD TV market provides yet another significant growth driver for the company and further solidifies the reach of Apple's ever expanding digital ecosystem that seems to only accelerate demand for existing products. We believe Apple will be able to charge a price for a new TV that is 2-3x the competitor's LCD TV products due to the Apple brand, unmatched aesthetics, expansive digital ecosystem and overall quality. In our view, features such as FaceTime, the App Store, iTunes and gaming are a natural fit for a full blown Apple TV, combined with potential new features and technologies in the future. Specifically, we believe Apple should more aggressively expand its gaming capabilities and potentially make acquisitions in this area to become a major player in the market. Apple recently indicated that Game Center has more subscribers than xBox live, highlighting a captive gaming audience for Apple."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $325.30 yesterday.
Ticonderoga analyst says, "We believe Apple's entry into the $100 billion LCD TV market provides yet another significant growth driver for the company and further solidifies the reach of Apple's ever expanding digital ecosystem that seems to only accelerate demand for existing products. We believe Apple will be able to charge a price for a new TV that is 2-3x the competitor's LCD TV products due to the Apple brand, unmatched aesthetics, expansive digital ecosystem and overall quality. In our view, features such as FaceTime, the App Store, iTunes and gaming are a natural fit for a full blown Apple TV, combined with potential new features and technologies in the future. Specifically, we believe Apple should more aggressively expand its gaming capabilities and potentially make acquisitions in this area to become a major player in the market. Apple recently indicated that Game Center has more subscribers than xBox live, highlighting a captive gaming audience for Apple."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $325.30 yesterday.
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