Apple (AAPL) has sent out an invitation to media to attend a “special event” on March 7th at 10 am at the Yerba Buena Center for the Arts in San Francisco.�
With a picture of a finger touching the familiar calendar icon of iOS on a surface that looks like an iPad, one would assume this is for the purpose of introducing the next iPad, as has been widely rumored for the last month or so.�
The invitation carries the tag line “We have something you really have to see. And Touch.”�
Apple shares are up $6.03, or 1%, at $531.79.
Update: Piper Jaffray’s Gene Munster, who has an Overweight rating on Apple shares and a $670 price target, thinks a revamped AppleTV may also be in the mix:
We expect the new iPad (possibly called�iPad HD) to have a high-resolution “retina” display, faster graphics�and processing, and 4G LTE wireless connectivity. Recent chatter in�the media also suggests Apple may use the event to announce an updated�Apple TV (set-top-box) to stream higher resolution video from the new�iPad. A March iPad launch would likely drive upside to our March�quarter iPad estimate of 9.0m units (-42% q/q).
Fin
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