Disclaimer: Ben Reitzes does not hold a position in AAPL, although right now he wishes he did

Apple shares are on a tear this morning, having risen about 6.3 percent at this writing after a UBS analyst said the company may bring its Intel-based iBooks to market in the next few months. “While we believe there are some near-term risks to earnings upside due to the transition to Intel processors in the first half calendar 2006, we believe several fundamental positives position Apple for continued growth and share price appreciation over the long-term,” analyst Ben Reitzes wrote in a research note Monday. “We are still confident in Apple’s product road map – including potential for new iBooks by April in time for the June quarter, a potential ‘media hub’ product (and more services), new iPods into year-end (including a new media player) and even a new cell phone within a year.” Reitzes also said Apple appears to be “getting set to ‘end of life’ the [iPod] shuffle possibly in favor of a 1GB version of the nano.”


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