apple news/media reports
01/30/2006, 5:00pm, EST
Monday, January 30th
AAPL reacts to iBook news
Apple shares (AAPL) rose about 6.3 percent at some points today after a UBS analyst said that Apple may be releasing new iBook laptops in late winter. Reuters reported that Apple has declined to state what the timeline for a new iBook release might be, but that Steve Jobs did mention at MWSF that the entire Mac line will be moving to Intel processors by the end of the year. According to Reuters, UBS analyst Benjamin Reitzes said that Apple "is likely to launch new iBook laptops as soon as April. Other potential new products this year include a "media hub," updated iPods, a media player and even a cell phone." AAPL rose up to $76.60 before dropping down to $74.90 on the Nasdaq.
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Analyists always find some piece of news, good or bad, to justify how the stock performed that day. If Apple stock went down, somebody else would have cited the other analyist who lowered Apple's estimate today.
The joke is on anybody who actually listens to these people.
Apple is definately a strong strong strong BUY.
Isn't the traditional date for the next 'new' thing the start of April? It seems unlikely they would launch something in late winter (early March) and then start of April. On the other hand, I guess they have a lot of launches to get through this year.
Personally I can't get excited by the Intel Yonah machines - and the real next gen Intel chips (the reason for the move) still aren't due until mid-2006.