Apple Continuing To Impact Consumer Digi-Life

Apple Inc. (NASDAQ: AAPL) should see a positive effect on its stock after hosting a new product event in JP Morgan's view.

JP Morgan currently rates as Overweight, and Apple will showcase its new iPod and Apple TV product enhancements with lower pricing, and will also highlight an upcoming iOS update to bring new multi-tasking and wireless printing offerings with the iPad this November.

Apple will also introduce Ping, the company's step into social networking with music, illustrating the widening of impact on the consumer digital way of life.

JP Morgan's current price target for Apple is $400, which closed yesterday at $250.33.