Apple (AAPL) Subsidies Are Not A Concern – BMO

Two reports were released today on the medium to long term prospects of Apple Inc. (NASDAQ:AAPL) as the firm's stock languishes at lows that have worries many investors. The two reports, one from Morgan Stanley (NYSE:MS) and another from BMO Capital Partners, are both optimistic on Apple's outlook though both take a different tack in explaining their confidence.

The report from BMO, entitled "Smartphone Subsidies: A Different Tone", concentrates, as the title suggests, on the status of smart phone subsidies for the iPhone in international markets. The report is based on information obtained from two carriers, a Spanish firm that recently reduced subsidies and a US firm who had not, and analyzed the decision making process involved...