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Investors Should Give Apple's Q1 2013 Call 'Another Look,' Barclays Says

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Skip Intro1/29/2013 2:44:48 pm PST

So what magic does Apple have up its sleeve? A new 128 gig iPad for $800?

A New/old iPhone that’s smaller than the current iPhone? A new iPhone that’s bigger than the current iPhone?

New/old iPods, but now they come in different colors? A 7 inch iPad2 for nearly the same price as the original iPad2? A new iPad almost exactly the same as the old new iPad except it’s a little faster?

Let’s talk about computers. The whole MacBook Pro line is going to move to 100% non-user replaceable parts. Battery just died on your Retina display Mac? Apple will fix it for $1800. Want to add more memory or swap out the SSD? You can’t.

Mac Pros? Dead. That leaves the iMac and Mac mini as the last two Apple PCs that a user can modify, although just slightly.

So where’s all the Apple innovation that people used to pay dearly for? I know their margins are astronomical, but how do you grow the business when you’ve run out of ideas?