J.P. Morgan Reiterates on Apple

J.P. Morgan released some comments on

on Tuesday and reiterated its Overweight rating. Analyst Rod Hall believes the company “is likely to cannibalize its MacBook Air line in the next 12 months and possibly in 2014 by adding a keyboard/mouse centric user interface to iOS while also keeping a touch friendly UI.” iAnywhere also puts Apple “in position to leapfrog the competition again,” according to Hall. Shares of Apple are up a modest 0.3 percent to $525 in Tuesday's trading.