“Barclays Capital‘s Ben Reitzes this afternoon opines in a note to clients that Apple (AAPL) will ‘extract more profits out of the traditional PC and mobile phone industries’ even as it maintains the lead in tablet computer sales with the iPad,” Tiernan Ray reports for Barron’s.

“Reitzes, who maintains an Overweight rating on the stock and a $750 price target, writes that fiscal Q3, the current quarter, and Q4 may both see the benefit of wider distribution of the iPad, making up for softer iPhone sales these two quarters, and there’s still a prospect for a 7-inch model of the tablet, he thinks,” Ray reports.

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