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Apple Shares Tipped To Hit $195

Apple Shares Tipped To Hit $195

Apple this week reported another quarter of strong earnings after the market close, with quarterly profit up by 33 percent on the back of strong iPhone sales in the US and China.

Cantor Fitzgerald analyst Brian White gives Apple a new target of US$195 from a previous $180 – yesterday’s close was  $130.66.

White’s target is currently the highest among analysts surveyed by Bloomberg and would give Apple a market cap of roughly US$1.1 trillion.