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Apple Will Launch Video-Focused Cloud Service

Jefferies analyst Peter Misek released a research note Apple (AAPL) is about to launch a new video-focused cloud-based service. The firm believes this likely represents the introduction of a new TV-like device and they’ve reiterated its “buy” rating on shares of Apple with a price target of $450.

Jefferies believes:

1. Apple’s data center in North Carolina has gone live or will do so shortly,
2. Unconfirmed indications point to Apple possibly building another super data center next to the first:
Apple purchased adjacent land at a high price. Aerial footage shows Apple has cleared adjacent land and at the announcement ceremony for the facility, a mock-up showed two side-by-side data centers.

The truth is, none of this sounds like new information. These are all rumors we’ve been hearing for months. Even then, the report is all speculation.

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