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
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