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Why Key Analyst Sees Apple Dominating Earnings and Smartphone Market

As October comes to a close, Apple Inc. (NASDAQ: AAPL) is poised to close out its fiscal 2015. Despite having a rocky past few months Apple is continuing to grow its iPhone sales, and with the holidays right around the corner, investor expectations are running high. As a result one key analyst weighed in on Apple and how it thinks that this iPhone giant will continue to dominate the smartphone market.

Canaccord Genuity reiterated a Buy rating with a $160 price target, implying an upside of 40% from current prices. Overall, based on its survey work and analysis, the firm believes Apple is maintaining strong share of the premium tier smartphone market.

While the firm believes the iPhone 6s products should enable Apple to continue to post strong sales and high-end smartphone market share gains, it anticipates the rate of share gains will slow, considering the survey work indicates ongoing slower growth...