“Most interest will likely be around iCloud and we believe rightfully so as iCloud could be a very big deal, making iTunes even more powerful and useful by allowing access to content from any device, anywhere,” the analyst wrote. “Other potential announcements include new Macs using Sandy Bridge, joining MacBook Pro and iMac. In terms of iPhone, we believe the likelihood is lower as our supply chain checks indicate timing is more likely in the Fall where we could see an interim upgrade to the iPhone 4.”
Apple is the biggest holding in PowerShares QQQ at 12.5% of the Nasdaq-100 ETF. The fund is up 3.6% year to date, according to Morningstar.
PowerShares QQQ
