“And it’s probably going to stay locked in this range until Apple reveals some new hardware, says Oppenheimer analyst Ittai Kidron,” Yarow reports. “There’s two reasons Apple needs new hardware: To prove it can still create killer new product categories post-Steve Jobs and because that’s how it makes its money.”
Yarow reports, “All the gossip lately has been on an ‘iWatch,’ which would be a internet-connected device for the wrist that would work with an iPhone… Kidron is skeptical that an iWatch would really move the needle. He’s looking for an Apple TV.””
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