“Apple shares are set for a boost from the company’s likely iPad 2 launch later this week, according to Goldman Sachs analyst Bill Shope,” James Rogers reports for TheStreet.
“Apple is widely expected to debut the new iPad at an event at the Yerba Buena Center for the Arts in San Francisco on Wednesday,” Rogers reports. “‘Overall, we expect the device to provide an early line of defense against the wave of tablet competitors arriving in the coming months, and we expect the launch to represent a positive catalyst for Apple’s stock,’ wrote Goldman analyst Bill Shope, in a note released on Sunday. ‘While the details on the upcoming iPad 2’s specifications are scarce, we expect the device to represent an important upgrade.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
Goldman really went out on a limb with that prediction.
“line of defense”?
Apple appears to be headed out of range.
Amazing that these guys ever needed to be bailed out.
Goldman never needed to be bailed out. The government forced them to take the $10B, and turned them into a merchant bank. They returned the TARP money as soon as they could.
Shope has put AAPL on Focus List. He needs a better list to move AAPL to when iPad 2 sales go through the roof.
Welcome to the party, Goldman / Sacks!
Wonder why analysts don’t say these kinds of things about other tablet manufacturers.
Oh, Duh ….
If so, I’ve never heard of such things.
Goldman Sachs – engineering financial collapses since 1929 !