Apple Tankwatch Message Board

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Technology Stocks : Apple Tankwatch

AAPL 273.25

-0.2%

3:59 PM EST

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Heywood40

To: sylvester80 who wrote (27564)	9/30/2013 11:30:45 AM
From: puborectalis	1 Recommendation Read Replies (4) of 32692

Global Equities Research analyst Trip Chowdhry reiterated an Overweight rating on Apple (NASDAQ: AAPL) and raised his price target from $650 to $725, citing "extremely strong" secular growth trends. Chowdhry said sales of iPhone 5S are extremely strong, with the 64 bit chip, 64 bit iOS and 64 bit apps giving Apple a 12-18 month lead of android. He also sees sales of the iPhone 5C picking up, with the colorful device penetrating the ~100 million market opportunity for younger demographic (5 years of age to 25 years of age). The analyst also sees an acceleration in peripheral sales and AppStore application sales with margin expansion to continue. Chowdhry said demand for Apple products are at an all-time high, and probably twice the level it was last year. He sees customers switching from Blackberry, Nokia, iPhone 4 & 4S and feature phones.

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