We continue to maintain bearish outlook of Apple due to IOS6

It is not because of the OS is not good but rather its early decision to exclude Google youtube and maps. This is strange decision coming from the most admired company in the world. Youtube is a world no 1 video upload portal together with google maps that have been so matured with almost 90% of the market usage is on Google map. (We estimate the figure). Unless Google is charging Apple and we see no reason to move out from Google map and Youtube at an early stage that Apple has not even stable its foot on these.