“Ahead of the shopping season, analysts had initially projected iPad mini sales to reach an estimated 5 million units,” Saintvilus writes. “However, with the device commanding such interest from retailers such as Walmart and Best Buy, it is not out of the realm of possibility that Apple might exceed that total before Christmas on its way to at least 6.5 million units.”
Saintvilus writes, “From an investment perspective, it’s hard not to like the stock at any price under $600. The stock has rebounded nicely after dropping as much as 30% a recent low of $505. The decline was largely due to concerns over the “fiscal cliff.” However, shares seem poised to regain the $600 mark.”
Read more in the full article here.
Citigroup initiates AAPL coverage with ‘Buy’ rating – November 26, 2012