Bank of America Corp (BAC) Analyst Says Apple Inc. (AAPL) Won’t Debut This Awaited Product

0

Apple Inc. (NASDAQ:AAPL) may not be debuting a new Retina Display 12-inch MacBook Air on its Thursday event. Instead, Bank of America Corp (NYSE:BAC) analyst Wamsi Mohan believes that other products including the new iPad will be launched by the technology giant.Apple, Bank of America, is AAPL a good stock to buy, is BAC a good stock to buy, Wamsi Mohan, John Paczkowski, retina display, 12 inch MacBook Air, Brittany UmarAccording to Brittany Umar of The Street, the comment coming from the Bank of America Corp (NYSE:BAC) analyst agrees with a recent report from John Paczkowski of Re/code which said that the new MacBook Air model is not yet ready to be launched this week.

“Instead of the Retina Display MacBook Air, Bank of America/Merrill Lynch analyst Wamsi Mohan expects the latest line of iPads, an updated iMac and Mac Mini, and OSX Yosemite to be introduced,” Umar said.

Apple Inc. (NASDAQ:AAPL) has been rumored to be releasing a new MacBook Air with Retina Display which will be available in gold. According to Cult of Mac, the new device would be released next year which prompted industry observers to assume earlier that it will be part of Apple Inc. (NASDAQ:AAPL)’s event this Thursday.

Agreeing with the Apple Inc. (NASDAQ:AAPL) prediction by Bank of America Corp (NYSE:BAC) analyst Wamsi Mohan, John Paczkowski of Re/code wrote: “Apple may well have a new MacBook Air with Retina Display in the pipeline, but it’s not going to unveil it this week. Sources familiar with Apple’s plans tell me that the company’s latest reimagining of the ultralight laptop won’t be shown off at its Thursday event.”

Meanwhile, Bank of America Corp (NYSE:BAC)’s Mohan said that the announcements to be made by the technology juggernaut this week are not expected to move the company’s stock in a significant way. Nonetheless, new features such as anti-reflective and anti-microbial glass for the iPads, if they will be announced, may be significant enough to cause a new tablet upgrade cycle and therefore will affect the company’s stock.

Bank of America Corp (NYSE:BAC) shareholders includes Bruce Berkowitz’s Fairholme (Fairx) which reported a massive stake comprised of 98.43 million shares in the company by the end of the second quarter. During the same period, David Einhorn’s Greenlight Capital reported owning about 9.45 million shares in Apple Inc. (NASDAQ:AAPL).

Suggested Articles:

Highest Paying Vocational Careers

Highest Rated Movies of All Time

Share.