“On Friday, Brian White of Topeka Capital reiterated his buy rating on Apple and has maintained his price target of $1,111,” Richard Saintvilus reports for Forbes.
“In his research note, White pointed to the iPad mini as a major catalyst in international markets such as Hong Kong, where the smaller tablet was launched just a couple of weeks ago,” Saintvilus reports. “White says there has in an ‘insatiable appetite in both Hong Kong and China for the iPad mini, leading to further supply constraints in recent days.'”
Saintvilus reports, “He also noted that there have been shortages at both Apple stores in mainland as well as complete sell-outs at the location in Honk Kong.”
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