Wednesday, October 19, 2005

Apple's Video iPod Seen as 'Evolutionary' Opportunity - Forbes.com

"Banc of America Securities Chief Financial Analyst Keith Bachman maintained a 'buy'' rating and $52 price target on Apple Computer (nasdaq: AAPL - news - people ) after testing the new video downloading features of iTunes 6.

'We continue to believe that Apple's iPod video will be an evolutionary opportunity, not revolutionary,' Bachman said. 'Apple had more content and more competitive advantage in the music market as compared to the video market.'

After downloading a Madonna video and an episode of Desperate Housewives, the analyst concluded that while consumers would be satisfied with the download speed, more content will be necessary to make the iPod video appeal to a mass audience. "

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