J.P. Morgan Maintains Overweight on Apple (AAPL)

J.P. Morgan is out with its report today on Apple AAPL, maintaining Overweight as AAPL released its iPad 2 this past weekend.

In a note to clients, J.P. Morgan writes, "We are not updating our estimates for Apple at this time, but we think that the combination of the Verizon iPhone launch in February and the early success of the iPad 2 points to incremental upside to numbers. Also, our recent research indicates that the MacBook Air is taking on the stature of a 'productivity' user's quasi-tablet device, which could be another incremental revenue driver."

At the time of posting, shares of AAPL were trading pre-market at $350.80, down 0.34% from Friday's close.