Wall Street's View on the Apple iPad Launch
Will it be a sell-the-news event for Apple (AAPL) shares? They’re slightly soft just after the open, despite the company’s announcement that it sold some 300,000 iPads over the weekend, including pre-orders. Also, some analysts such as those from Kaufman Bros. and J.P. Morgan are lifting estimates and targets for Apple after the weekend publicity-fest.
The scribbling masses on the Street worked overtime this weekend, cranking out their impressions of the launch of Apple’s heavily heralded tablet device. (Seriously, does another company out there get the positive press of Jobs & Co.?) Here are some of the takeaways we thought worth re-trumpeting.
Cross Research: “As has been widely noted, the iPad lacks Flash which does impact the user experience. While we were not impacted by the lack of Flash, we note that games and other media sites do require it. Our children were unable to use clubpenguin.com and webkinz.com, although interestingly, the Disney.com (DIS) website now has a version optimized for the iPad (including exclusive iPad movie previews).”
