At its annual media event in September, Apple Inc. (NASDAQ: AAPL) is expected to unveil new generation iPods and new TV set-top box. The set-top box is likely to be priced at $99. Apple is also working on an iTunes feature that would have the feature to rent out shows from various channels such as Fox and ABC. The company is currently negotiating with all four major broadcasters, including NBC Universal and CBS Corp. The company spokesperson declined to discuss the new products, saying the company doesn’t comment on rumor and speculation.
The new iPod Touch is expected to feature sharper screen and front-facing camera. However, Brian Marshall, an analyst with Gleacher & Co. has said, “I don’t expect any fireworks.” He has although advised to buy the company shares. For Apple TV, the company is looking to negotiate with various channels to allow it to rent TV shows for 99 cents per episode. The episodes will be rented for 48 hours.
Apple agreed to offer replacement for their bursting iPod batteries in Japan. The problem of overheating of first generation iPod Nano has been encountered in the country. The company will now replace all faulty batteries.
Apple designs, manufactures and sells computer, personal media players and mobile communication devices. The company has a wide portfolio of clients ranging from individuals, mid-sized business and government entities.
The Apple stock has a 52-week price range of $164.11-$279.01. Apple’ P/E ratio is 18.33. Its Price/Book ratio is 5.14. The stock’s 50-day moving average is at $253.32 and 200-day moving average stands at $244.90. The stock’s beta is 1.38. Apple is earning 18.41% return on its assets and the company’s rate of return on its equity is 35.47%. Apple currently has 913.56 million shares outstanding and its market cap is $222.24 billion.
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