Analysts are backing the new big-screen iPad Pro, predicting Apple to score as much as US$2.4 billion in extra revenue over the next three months from the bigger, more expensive tablet.
RBC Capital Markets analysts forecast Apple shares will reach $150 over the next 12 months, with a bear case pegged at $109 and the bull case $165. (Apple shares closed at $1178.85 yesterday).
Much of the base bullishness involves Apple’s recently-released iPad Pro, while also playing into the forecast is Apple’s massive war chest of cash.