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Fund wholesalers should wait: Apple announces iPad 2 event for March 2

2/23/2011

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Wholesalers and  distribution teams are advised to hold off on new orders for iPad. That is because Apple just announced it will hold a special event on March 2 in San Francisco. According to the invitation received by FPR, the event will be held at the Yerba Buena Center for the Arts at 10:00 am. Historically, this is the same venue Apple has used to introduce other new products. With the specs of iPad 2 being tightly guarded secret, it is widely believed that the device will be announced there. In terms of new attributes, it will feature a front-facing camera. Its size should be thinner too.

Fund firms have been very aggressive in supplying iPads for their heavy-traveled wholesalers. For instance, John Hancock supplied 200 iPads for its distribution team in January. TD Ameritrade, Dreyfus and Hartford's annuity wholesalers reportedly spent undisclosed ammounts on iPads. JP Morgan's i-bankers are also active users. Last, the SPDRs team was  spotted carrying a few. 


Back in the September, FPR advised all ETF distributors to purchase the device. 
Most likely iPhone 5 will not be introduced at this event. (the ETF Business Review)


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1 Comment
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9/19/2012 04:18:35 pm

Hello there! I must tell you the blog post is really good. It is very informative. I want to mention one thing that I like the way you write the post to the point. I really appreciate and keep writing!

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