Apple About To Launch New Video-Focused Cloud-Based Service Jefferies & Co. believes Apple Inc. (NASDAQ: AAPL) is about to launch a new video-focused cloud-based service. The brokerage continues to believe that the assault on the living room likely means the introduction of another Apple appliance or device. The brokerage reiterated its “buy” rating on shares of Apple with a price target of $450. “In addition to subscription revenues, we think Apple could potentially benefit from a halo effect that increases units and average selling prices for its existing products and provides a foundation for the launch of an iTV-like device,”
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