Analyst predicts new Macs will arrive without media eventGoing against the grain, analysts for UBS Investment Research on Tuesday issued a very brief research note, suggesting new Mac products in the June quarter, but predicting Apple is not likely to hold a special media event to introduce them.
The reliability of the analyst's predictions are currently unknown.
"We continue to believe that Apple will introduce new Intel-based iBooks (important for education) and a larger MacBook Pro in the June quarter," analyst Ben Reitzes wrote. "We forecast Mac units to improve in fiscal third quarter (June) to -1 percent year-over-year from -9 percent year-over-year in fiscal second quarter."
Additionally, the analyst wrote, "We still believe that a new video iPod, download service and new iPods are coming this year by the fall."
Shares of Apple fell over 3 percent (or $2.07) in later afternoon trading to $61.92 as investors reacted to the UBS research note.
On Topic: Investor
- Apple R&D spend breaks $10B barrier in 2016 after $350M increase in Q4
- Wall Street positive on Apple's Q4 earnings, bullish on iPhone 7 holiday sales
- Revenue from Apple Music, Apple Pay & other Apple services jumps 24 percent in Q4
- Notes of interest from Apple's Q4 2016 conference call
- After first revenue decline in 15 years, Apple forecasts return to growth in holiday quarter