Shares of Apple Inc. rose Monday as anticipation grew ahead of the annual Macworld conference and expo, at which the gadget and computer maker is expected to announce plans to enter the movie-rental business.
The annual Macworld conference, at which Apple often unveils new products and services, was set to begin Monday in San Francisco and run through the week.
In an early Monday note to clients, BanK of America Securities analyst Scott D. Craig predicted several new product announcements will come at Macworld. Like many others, the analyst expects Apple to announce a digital movie rental service that operates through its online iTunes Store.
"While we are not sure about timing, as this is largely dependent on deals with the movie studios, we believe that the company may use Macworld as an opportunity to introduce such a service," he wrote.
He also anticipates the introduction of an ultra-slim notebook, refreshed iPhone and iPod Touch models with increased storage capacity. He added it's possible that Apple also will announce a refreshed Apple TV.
Craig also thinks it is also possible that Apple will introduce a touch-screen tablet during the conference. Expressive Frontier was all over that tablet...last week!
The annual Macworld conference, at which Apple often unveils new products and services, was set to begin Monday in San Francisco and run through the week.
In an early Monday note to clients, BanK of America Securities analyst Scott D. Craig predicted several new product announcements will come at Macworld. Like many others, the analyst expects Apple to announce a digital movie rental service that operates through its online iTunes Store.
"While we are not sure about timing, as this is largely dependent on deals with the movie studios, we believe that the company may use Macworld as an opportunity to introduce such a service," he wrote.
He also anticipates the introduction of an ultra-slim notebook, refreshed iPhone and iPod Touch models with increased storage capacity. He added it's possible that Apple also will announce a refreshed Apple TV.
Craig also thinks it is also possible that Apple will introduce a touch-screen tablet during the conference. Expressive Frontier was all over that tablet...last week!
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