J.P. Morgan's Mark Moskowitz believes the initiation of a dividend at Apple (AAPL +0.7%) could...

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

J.P. Morgan's Mark Moskowitz believes the initiation of a dividend at Apple (AAPL +0.7%) could create a "scarcity issue" for the stock. AAPL is under-owned institutionally, he says, and income-based funds would be forced to scramble to build positions. Additionally, AAPL is a "league of its own" with "plenty more upside," as its global penetration rates in smartphones and PCs are still low.