Wedbush Maintains Outperform on Apple after WWDC 2012

Wedbush reiterates an Outperform for Apple

and an $800 price target. Wedbush explains, “We attended the keynote by CEO Tim Cook on Monday, where the company announced a Next-Generation MacBook Pro, upgrades to current MacBook Air and MacBook Pro, and highlighted new features of Mountain Lion OS X, and iOS6. While generally in line with our preview comments, we were positively surprised by some of the features on Mac OS X and iOS6. We believe that a fall release of iOS6 will match up with our checks supporting a likely October release of the iPhone 5. We continue to recommend investors position long ahead of the iPhone 5 launch.” AAPL closed at $571.17 on Monday