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Standard & Poor reiterates a ‘hold’ rating on Apple

Standard & Poor’s Equity Research reiterated a “hold” rating on Apple after news that the company may introduce a video iPod by September, notes Forbes. “We believe the evolution of the iPod as a platform for video content was largely expected, and market speculation, we believe, started with the introduction of a color screen on the iPods last year,” the research firm said in the report.

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