Apple is a Hot Stock Pick AAPL
Apple: Kaufman Bros. equity analyst Shaw Wu maintained a buy rating and $350 price target on shares of Apple(AAPL) on Sept. 2.
On Sept. 1, Apple, building on its dominance in the music industry, unveiled new iPod media players, added social-networking features to its iTunes software and introduced a service that lets users rent shows and movies.
The company revamped its Apple TV set-top box to offer high-definition TV-program rentals for 99¢, Chief Executive Steve Jobs said at an event in San Francisco. The $99 device also will deliver first-run movie rentals for $4.99 and work with Netflix’s (NFLX) online service.
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