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Apple Shares Tipped To Jump 43PC

Apple Shares Tipped To Jump 43PC

Goldman Sachs says investors are shifting their focus from the amount of iPhones the company is selling to the number of services the iPhone maker is getting users to pay for.

The US investment bank has put a US$163 price target next year for Apple’s stock – well above its current price which fluctuates around $116. (It closed yesterday at $117.29, up $3.60).

Goldman says Apple is changing its spots, becoming a services company as opposed to a hardware maker.

– Apple this week introduced its Apple Pay service in Australia and has also launched Apple Music. It is expected to unveil an on-demand TV product next year.