“Credit Suisse’s Deepak Sitaraman today reiterates an Outperform rating on shares of Apple (AAPL) and a $500 price target, writing that his recent trip through Asia, and talks with those in the ‘supply chain,’ confined to him that Apple’s iPhone’s share of smartphone sales is rising and will reach 21% in 2012, from 18% in 2011, globally,” Tiernan Ray reports for Barron’s.
“Sitaraman is modeling 133 million iPhone units to be shipped in calendar 2012, up from what he estimates was 86 million last year, with ‘mix’ of models ‘skewed to the higher end 4S.'” Ray reports. “His checks suggest an iPhone 5 introduction will come in Q3 of this year.”
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