Bear Stearns analyst expects Apple to respond to Microsoft’s ‘challenge’ with new iPod innovations

18 years ago

Bear Stearns Equity Research analyst Andrew Neff expects Apple to respond to Microsoft’s “clear challenge” (Zune) with new innovations in four areas: wireless, content, storage and platforms.

“Apple needs to be leading edge in these areas,” he wrote in a recent report to clients obtained by MacDailyNews. “The competition is not new. There are plenty of music players and music downloading services, but the challenge for any tech company is to obsolete your products or someone else will.”

Bear Stearns rates Apple shares “outperform” with a year-end price target of $88.

MacDailyNews Take: Apple has to keep innovating in order to lead. Brilliant. Thanks for the insight, Andy.

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