9:28 AM Lazard starts coverage on Apple (AAPL) with a Buy and $540 PT. "We propose that Apple is a 'storage' company, not only levered to data creation but instrumental in driving data creation in ways its competitors are not," the firm argues, trying to provide a unique take. "We believe this framework helps to suggest why Apple's outsized profits are sustainable even as competitors continue to close the gap with respect to device capability and quality." Shares +0.4%. Read comments
AAPL price at time of publication: $431.99. Check AAPL price now »
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Focus Articles on AAPL
- Understanding Apple Buying WiFiSLAM And What's Next by Bruce Krulwich
- Apple Offers Investors An Annualized Gross Return Of Between 0% And 15% Over The Next 5 Years by Is It Worth It
- Apple Could Take Another Beating by Bill Maurer
Press Releases on AAPL
- Apple Updates Processors & Prices of MacBook Pro With Retina Display (Business Wire)
- Statement by Apple (Business Wire)
- Wi-Fi + Cellular Models of iPad mini & Fourth Generation iPad Available in China This Friday (Business Wire)
Related Articles on AAPL
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StockTalk on AAPL: AAPL StockTalk | Twitter AAPL | Twitter $AAPL | AAPL Instablogs
Recent Market Alerts on AAPL: All currents | Earnings | Dividends | M&A | On the move
Transcripts on AAPL
- Apple's CEO Discusses F1Q 2013 Results - Earnings Call Transcript
- Apple's CEO Discusses F4Q12 Results - Earnings Call Transcript
- Apple's CEO Discusses F3Q12 Results - Earnings Call Transcript
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