Bucking much of the bullish commentary on the eve of Apple's (AAPL -0.7%) expected launch of an...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Bucking much of the bullish commentary on the eve of Apple's (AAPL -0.7%) expected launch of an iPad 3, Global Equities thinks consumers won't line up for Apple’s new tablet if gas prices remain elevated. “Our observation is that iPad 3 will get a subdued reaction, until and unless gasoline prices fall by 25%,” Global Equities says.