Apple, Inc. (AAPL)
by Zacks Equity ResearchMay 29, 2012 | Comments : 0 Recommended this article: (0)
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However, Apple's ability to spur the popularity of its products in developing nations, where pricing is often an important consideration, will largely influence the company's future growth. Also, stiff competition from Samsung, HTC and Google; saturation in its major markets and increasing legal complexities remain concerns.
We maintain our Outperform rating and set a price target of $685.00. This is based on 14.6X 2012 EPS; currently, AAPL shares are trading at 13.9x 2012 earnings.
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