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Barclays reiterates ‘overweight’ rating on Apple

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Barclays reiterated its “overweight” rating on Apple, saying that shares can benefit by strong iPad demand, a continued iPhone 4 ramp, significant international expansion & a pipeline of new innovations, reports the “International Business Times” (http://www.ibtimes.com/articles/75879/20101026/apple-iphone-iphone-4-macbook-macbook-air-ipad-ilife11-app-store-apps-facetime-facetime-for-macs-mac.htm?).

“We believe the biggest news of the event was the launch of new MacBook Airs w/no HDD’s & prices from $999- $1599 (prior models cost $1500-$1800) which should help stimulate Mac sales into the holidays,” analyst Ben Reitzes told clients. “… We believe the new MacBook Airs will help Mac growth remain solid into calendar year-end.”

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