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Ben Reitzes

Two 'Ben Reitzes' stories May 2012 - February 2014
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Analyst delivers the ultimate insult to Apple, calls it ‘the next Microsoft’

Avatar for Ben Lovejoy Feb 20 2014 - 7:36 am PT
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Apple just might find itself shopping around for a new finance partner for its retail stores after Barclays analyst Ben Reitzes likened the company’s future potential to that of Microsoft.

financing-page-hero-2013Downgrading AAPL from a buy to a hold, Reitzes said that while he was excited by the iWatch and Apple television ideas as a consumer, he didn’t see either driving double-digit growth. Quoted by Business Insider, he said:

We look at a valuation analogy vs. Microsoft from 2000 to about 2010 and see no precedent that large-size tech companies simply start to broadly outperform again after a tough year or two if the law of large numbers is catching up to them and margins have peaked.

Ouch! Still, it appears his pessimism is not universally shared.

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WSJ: Analysts now agree we’re going to see new Retina Macs in June

Avatar for Jordan Kahn May 25 2012 - 6:10 am PT
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A newly redesigned 15-inch MacBook Pro was all but rumor until we reported earlier this month that Apple indeed has a slimmed down, all-new MacBook Pro sporting a Retina display, Ivy Bridge, and speedy USB 3. We followed that up with a report revealing Apple’s new MacBook Airs and iMacs will both likely include super-high resolution Retina displays. At the time, we reported Apple’s WWDC in June would be expected for at least the unveiling of the new slim MacBook Pro; although, a gradual roll out of Retina iMacs and Airs following the Pros would not be much of a surprise. Apple typically rolls out new Mac features such as higher-res displays gradually.

Following those reports, The Wall Street Journal published a story today quoting analysts who now all seem to agree that we will see upgraded Macs this summer. Ben Reitzes of Barclays Capital claimed the new Retina Mac lineup would debut at WWDC in June:

Reitzes said it is likely the Mac line will feature the retina-display technology used in the iPad, as well as the new Ivy Bridge quad-core processors from Intel Corp. (INTC) He also estimates that Apple’s new operating-system upgrade, called Mountain Lion, and the new MacBook Airs should be on the market before the first Ultrabook laptops with Microsoft Corp.’s (MSFT) Windows 8 operating system hit the shelves in the fall… “We believe recent data reflect a pause ahead of new products, which we believe will be released this quarter in June,” according to Reitzes, who has an overweight rating and $750 target price on Apple’s stock.

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