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Apple's Stock Rises as Sales in India Surge and Analysts Raise Target Prices
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Apple's stock rose 2% before the US market opened. Sales in the Indian market increased by 33%, reaching $79.6 billion. Morgan Stanley upgraded its rating with a target price of $273. The total market capitalization is $3.6 trillion.
Morgan Stanley estimates that Apple's iPad business revenue is $72 billion, a 23% year-over-year decrease. Citi expects the stock to rise another 30%, with potential for higher gross margins being underestimated.
Apple's market cap once surpassed $3 trillion but was also overtaken by Saudi Aramco. The fourth fiscal quarter revenue fell short of expectations, leading to a post-market decline in stock price.
| Scores | Value | Explanation |
|---|---|---|
| Objectivity | 6 | Comprehensive reporting with in-depth analysis. |
| Social Impact | 4 | Influences public opinion in financial markets. |
| Credibility | 5 | Solid evidence from authoritative sources. |
| Potential | 5 | High potential to influence stock markets. |
| Practicality | 4 | Directly applicable to investment decisions. |
| Entertainment Value | 3 | Aims to inform rather than entertain. |