J.P. Morgan maintained an ‘overweight’ rating on Apple Computer and raised earnings estimates, saying it has ‘increasing confidence’ in Apple’s digital music business. The research firm raised fiscal 2005 and 2006 per-share earnings estimates to $1.48 and $1.91, from $1.28 and $1.53, respectively. ‘The success of Apple’s digital music initiatives has been established, but its sustainability is still a hotly debated topic,’ J.P. Morgan said. ‘We believe the potential profitability of Apple’s music business is highly dependent on whether or not the company can maintain its dominance in the portable music player market and avoid profit compression from commoditization.’ The research firm said Apple can avoid profit compression by maintaining its ‘closed system’ approach, as well as technical and legal barriers to entry,” Forbes reports.
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Yeah.. Apple learned its lessons.. patent every thing you touch..
and the closed system which makes enderle scratch his head… so to speak
At last someone gets it. How many years has it taken thses clowns to actually do what their overpaid job would expect of them. We will soon get all the bandwagon hacks telling us what a peice of genius the so called ‘closed’ solution is. Be a while yet though bfore they understand that the MS solution to anything is closed is rather more closed in reality.
This kind of statement will hurt Apple Computer with their suit with Apple Music. Apple needs another digital content/ consumer hardware sales business to show they are not a music company, oh wait, they already make computers and computer software.
Apple will blow its music lead. Its in Jobs DNA to lose it all like he has done before. He is a visionary and a loser.
Get set to short this pig …..
Hey Bear, you mean to say ‘its over even if it ain’t over’.
Yogi was another great bear.
Don’t fret. Apple has Al Gore, the inventor of the internet.