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UBS Bullish on Apple

UBS is extremely bullish on Apple Inc. (NASDAQ:AAPL)! The investment bank is predicting that shares in Apple will be trading at $650 within the next 12 months. Here are the main reasons UBS tagged a buying rating on Apple:

  •      Apple is at the forefront cloud computing, which UBS believes is the future of information technology.
  •       Apple continues to have high gross margins on their products.
  •      The iPhone distribution deal with China Mobile will give Apple an expanded customer base and increase sales in China. China Mobile has over 750 million subscribers. The China Mobile deal is huge!