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Jefferies Says Apple Not Really Affected By Japan (AAPL)

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Jefferies & Co. says that Apple Inc. (NASDAQ: AAPL) is not going to be affected much from the devastation in Japan.

In a note to investors, Jefferies writes, "...the strong demand for the iPad 2 and widespread stock outs means AAPL should be able to find alternative buyers as iPad 2 shipments are limited more by supply at this point than demand."

Shares of Apple gained $4.63 yesterday to close at $334.64, a gain of 1.4%.

 

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