Analyst: It's 'Interesting' Apple's Product Event Is The Week Of Its FBI Hearing

On Monday, JP Morgan issued a company note on Apple Inc. AAPL ahead of the company;s product event which will be held the week of March 21st. Currently, analysts at JP Morgan rate Apple as Overweight with a $141 price target.

Rod Hall, an analyst at JP Morgan wrote, “Apple's rumored March press event will happen the week of March 21, possibly on the 21st itself...We find it interesting that this date seems to have slipped to the week of the hearing on the FBI iPhone unlock case.”

Apple has been asked by the US Government to disable security preventing the FBI from accessing encrypted devices. The company argues that this would be a breach of data security for all iPhone users while the US Government argues that this measure would increase the safety of US citizens, particularly against terrorism.

At the event, JP Morgan noted that Apple will feature a new iPad as well as the 4 inch iPhone SE. Reports have recently surfaced that the new iPhone model will be cheaper and lack 3D Touch sensors, while combining the look of the iPhone 6s and 5s.

Apple is currently trading at $97.14, up 0.24 percent.