Barclays Maintains an 'Overweight' on Apple (AAPL); Value Proposition Could Bring Upside to Sales Throughout 2012

Barclays maintains an 'Overweight' on Apple (NASDAQ: AAPL) price target of $710.00.

Analyst, Ben A. Reitzes, said, "While many will focus on the features of the new iPad vs. expectations, we believe that Apple's software ecosystem is the key driver of sales of iOS devices. On this front, Apple did not disappoint. Like the iPhone in smartphones, the iPad is the most usable tablet in terms of software, apps and access to the cloud. We believe consumers understand this value proposition, which helped propel iPhone 4S to record levels last quarter...Apple's value proposition could bring upside to iPad ASPs and unit sales throughout the year."

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 $530.69 yesterday.

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