updated 11:50 am EDT, Fri June 3, 2005
WWDC flash iPods
Banc of America Securities maintained a "buy" rating and $44 target price on Apple, saying the company will likely use its Worldwide Developer's Conference to introduce . The event may also showcase the long-awaited iTunes-enabled cell phone from Motorola. "We do not see a video-enabled iPod at this event," Banc of America said. "Video content continues to be a challenge for Apple/iPod." The research firm said new flash products won't be enough to materially impact the stock.