Tech analysts are maintaining a buy rating on Apple following the news of the death of chairman and co-founder Steve Jobs. “We countinue to believe that AAPL is positioned to ourperform in this tough macroeconomic environment,” wrote Apple analyst Shaw Wu of Sterne Agee, who maintained his buy rating on the stock.
Expressing sadness over Jobs’s death, Wu said that Apple’s in a good position right now with a strong team of executives and the potential to move into “untapped markets like broadcast television and streaming video.”
Forbes reported that Brian White of Ticonderoga Securities has also maintained his “buy” rating on the company, saying that he agrees with Steve Jobs’s own words that “Apple’s brightest and most innovative days are ahead of it.”
Most analysts said that any weakness in Apple stock that may result from Jobs’s death should be viewed as an opportunity to buy.