The below chart is so telling, showing as it does Apple’s slice of mobile industry profits in comparison to its actual sliver of a slice of the mobile industry itself.

With this in mind, Canaccord Genuity today began offering coverage of AAPL stock, citing a buy rating and rather stonkingly high $356 per share price.

The analysts have astutely spotted that not only can Apple create innovative products, it also knows how to make money selling them.

Via: Apple 2.0 @ Fortune

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s