Tiernan Ray reports for Barron’s, “At least one Street analyst had a brief review of the Nexus 7 this afternoon as it pertains to Apple’s iPad. Brian White of Topeka Capital Markets, who rates Apple shares a Buy, with a $1,111 price target, thinks Apple has little to worry about.”
We believe an “iPad Mini” could be released this September at a price point of $250- $300, providing a more cost competitive product for Apple and opening up a new market segment. The resolution (1280-800) of the Nexus 7 does not compare to the new iPad (2048-1536) with Retina display, while the new tablet is only available in Wi-Fi versus 4G and Wi-Fi for the iPad. Essentially, we believe the Nexus 7 is more of a competitor with the Kindle Fire, rather than the iPad. Google also introduced a new product called Nexus Q for $299 (ships in July), a small Android computer-like device (i.e., a “cloud connected juke- box”) that plays music and is always connected to the cloud. – Brian White, Topeka Capital Markets
Read more in the full article here.
MacDailyNews Take: Let the battle for Apple’s iPad table scraps commence!
(Between a search engine and an online retailer, no less. Why either of them wants the lowest common denominator demographic that doesn’t have/spend any money defies logic, but there you have it.)
Sleep tight, Bozo… er, Bezos.
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