Barclays Reiterates an 'Overweight' on Apple (AAPL); Is Apple Finally Ready for a TV?
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Price: $305.93 --0%
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 17 | New: 20
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 17 | New: 20
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Barclays reiterates an 'Overweight' on Apple (NASDAQ: AAPL) price target of $555.00.
Barclays analyst says, "An Apple Television Captures the Imagination: The long-awaited biography, "Steve Jobs" by Walter Isaacson, was made available today. Isaacson briefly mentions that Jobs wanted to create a television with a simple user interface, quoting Jobs as stating that, "It will have the simplest user interface you could imagine," and "I finally cracked it." The market has been speculating Apple would make a full-fledged elevision for years. However, our checks have yet to reveal anything more than prototypes and a strong desire to work with Apple from key supply chain players. At this point, the speculation with regard to an 'iTV' is different than the more conclusive activity that lead up to the iPad or iPhone."
"TV's Could Contribute over $4.50 in EPS Within 5 years: If Apple were to sell a television, we believe that an 'iTV' can contribute over $4.50 in EPS well within 5 years."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $405.77 yesterday.
Barclays analyst says, "An Apple Television Captures the Imagination: The long-awaited biography, "Steve Jobs" by Walter Isaacson, was made available today. Isaacson briefly mentions that Jobs wanted to create a television with a simple user interface, quoting Jobs as stating that, "It will have the simplest user interface you could imagine," and "I finally cracked it." The market has been speculating Apple would make a full-fledged elevision for years. However, our checks have yet to reveal anything more than prototypes and a strong desire to work with Apple from key supply chain players. At this point, the speculation with regard to an 'iTV' is different than the more conclusive activity that lead up to the iPad or iPhone."
"TV's Could Contribute over $4.50 in EPS Within 5 years: If Apple were to sell a television, we believe that an 'iTV' can contribute over $4.50 in EPS well within 5 years."
For more ratings news on Apple click here and for the rating history of Apple click here.
Shares of Apple closed at $405.77 yesterday.
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