Scotia Capital Maintains Sector Perform on Apple

Scotia Capital is out with its report today on Apple (NASDAQ: AAPL), maintaining Sector Perform.

In its report, Scotia Capital writes, "We do not see any short-term impact on the company's competitiveness, but remain cautious on its long-term outlook. Apple will need to prove to investors it can maintain its competitive edge without Jobs at the helm."

At the time of posting, shares of AAPL were trading at $371.83, down 0.51% from Thursday's close.