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Technology Stocks : Apple Inc.

AAPL 259.35

+0.1%

Jan 9 9:30 AM EST

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From: Moonray	10/1/2012 3:26:48 PM
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Canaccord sees 40 million iPhone 5 sales this quarter “Given these checks, combined with Apple’s plans for an aggressive iPhone 5 launch with 240 carriers in 100 countries by year end, we remain confident in our above-consensus December quarter iPhone estimates with sales of 40 million iPhone 5s and 50 million total iPhones,” Mr. Walkley said in a research note. Furthermore, “we expect additional countries to launch the iPhone 5 in early January, including all three carriers in China, ahead of Chinese New Year in February. With our expectation the world’s largest carrier, China Mobile, will launch its first iPhone on its network that also supports its TD-SCDMA 3G technology, we anticipate very strong iPhone sales of 47.5 million during the March quarter.” Upside: Mr. Walkley maintained a price target of $797 (U.S.). That’s modestly above the median target on the Street of $780, according to Thompson/First Call. More at: theglobeandmail.com o~~~ O

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