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Mac OS Ken

Mac OS Ken: 04.19.2012

Mac OS Ken

Ken Ray

Technology

4.7996 Ratings

🗓️ 19 April 2012

⏱️ 15 minutes

🧾️ Download transcript

Summary

Goldman Sachs Reiterates “Buy” Rating on Apple Shares; Ups Apple Target to $750 Barclays Capital Analyst Suggests Apple Investors Stay in the Shares Apple Lawyer Says Company Wants to Defend Against DoJ Collusion Charges in Court Symantec: Flashback Infection Down to 140,000 Macs (Though They’d Expected a Drop to 99,000 by Now) Greenpeace Stages “Clean Our Cloud” Demonstration at Apple European HQ in Ireland Apple Issues Minor Update for Configurator Utility Apple Seeds Third Builds of Mountain Lion and Xcode 4.4 to Developers Apple Reportedly Giving Snow Leopard to MobileMe Users to Start Them Moving Toward Lion and iCloud Encyclopedia Britannica Launches Universal iOS App Korean News Site Says Next iPhone Case Will Be Liquid Metal (Liquidmetal?) and Will Launch at WWDC Fortune’s Philip Elmer-DeWitt Wonders Why We Believe in an Apple Television Fast Company Profiles Steve Jobs’ “Wilderness Years” Read the Fast Company Piece at Time Puts Apple CEO Tim Cook on 2012 List of 100 Most Influential People in the World

Transcript

Click on a timestamp to play from that location

0:00.0

This is MacO-S-Kinn.

0:07.0

Analysts on Apple now and later, the Cupertino Company is looking forward to one court case and making the leap from leopard to mountain lion.

0:21.0

It's Thursday April 19, 2012. I'm Can Ray and this is news from Mac OS Can,

0:28.4

brought to you by yours truly and supported by listeners like you, subscribers to Mac OS can Day 6.

0:36.9

More information is available at MacoS can.com.

0:41.0

This show is also supported by the MacOSCAN Podcast app for the iPhone, iPad, and iPod touch,

0:47.0

available in the App Store now for $2.99.

0:52.0

Goldman Sachs is putting its mouth where Apple's money is.

0:56.0

Forbes has Goldman analyst Bill Schope reiterating his buy rating on Apple shares and raising his Apple price target.

1:03.0

Quoting the show note, despite recent volatility, we continue to believe Apple shares are very attractive at current levels.

1:10.0

It remains our top pick and we'd be buyers ahead of March quarter results. We expect

1:15.1

solid March quarter upside which is likely to trigger healthy increases in

1:19.2

iPhone, iPad and overall earnings expectations for the full year.

1:24.2

In addition, we believe recent investor concern over a catalyst light June quarter are misguided

1:30.1

since this will be the first full quarter with a refreshed iPad, a lower priced iPad too,

1:35.4

and a fully ramped iPhone distribution channel.

1:38.1

In other words, the June quarter is when many of the recent catalysts begin to fully manifest into earnings power.

1:45.3

With that, the analyst ups his Apple target from $700 to $750 U.S.

1:51.6

Barclays capital analyst Ben Reitzus says anyone thinking of getting out of Apple's

1:56.3

share should probably reconsider.

1:58.6

A separate Forbes piece has the analyst saying investors should hold on to the stock because there's a new iPhone

2:04.3

coming and that tends to goose Apple's share price. Not just the new iPhone, the approach of the new iPhone.

...

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