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Forbes: ‘Apple’s Future Looks Bright Despite Intel Issues’

Analyst Andrew Neff of Bear Stearns has lowered the price target of Apple due to what he says is “transition issues” with the new Intel-based Macs, reports Forbes. The analyst did, however, maintain an “outperform” rating on the stock due to confidence in demand for iPods, Macs and more innovative products. “Looking ahead, we remain optimistic,” the analyst said. “Our expectations include an Intel-based iBook, true video iPod, wireless iPod, other innovations in coming months.”

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