Apple come next month is expected to announce—by far—the most successful quarter for iPhone sales in the handset’s history, according to one Wall Street analyst who raised his price target on the company to $260 per share.
Calling Apple stock a “must-own technology bellwether,” Broadpoint.AmTech analyst Brian Marshall issued a research note to clients on Monday defending his well-above-consensus iPhone quarterly shipment estimates of 11.3 million units for the three-month period ending December.