“Brian White of Topeka Capital Markets tracks Apple’s supply chain in his monthly ‘Apple Monitor’ report. His latest report on Thursday revealed that key Apple suppliers saw their sales grow 29 percent year over year in the month of October,” Neil Hughes reports for AppleInsider.
“That increase handily exceeds the average 2 percent year-over-year growth seen in the month of October over the last 7 years,” Hughes reports. “White said Apple’s new product lineup — which includes the iPhone 5, iPad mini, and new iPods and Macs — is an ‘unprecedented’ transition. He expects the recently announced products will account for 80 percent of Apple’s total sales in the company’s December quarter.”
Hughes reports, “He acknowledged that AAPL stock has been under ‘selling pressure’ in recent weeks, but he remains bullish on the company going forward. In fact, he has reiterated a 12-month price target of $1,111.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]