Wedbush Reiterates an 'Outperform' on Apple (AAPL); Regardless of Name, Expect Big Boost from iPhone 4S and Continued Upside;

Wedbush reiterates an 'Outperform' on Apple (NASDAQ: AAPL) price target of $530.00.

Wedbush analyst says, "While Apple introduced an iPhone 4S rather than an iPhone 5, we believe all the expected functionality is included, with the only difference being in name. Thus, we would be aggressive buyers of Apple ahead of what we expect will be solid FQ4 results and a blowout FQ1 (Dec)."

"Apple also highlighted other segments and introduced new iPods. Of note, Apple announced a new iPod nano and iPod Touch, strong growth in Macs and Lion OS, momentum in app store downloads, and ongoing enterprise interest in iPhones and iPads. Overall, we expect solid growth from all products except iPods."

For more ratings news on Apple click here and for the rating history of Apple click here.

Shares of Apple closed at $372.50 yesterday.

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