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Apple is a mobile money-making machine

The below chart is so telling, showing as it does Apple’s slice of mobile industry profits in comparison to its actual sliver of a slice of the mobile industry itself.

With this in mind, Canaccord Genuity today began offering coverage of AAPL stock, citing a buy rating and rather stonkingly high $356 per share price.

The analysts have astutely spotted that not only can Apple create innovative products, it also knows how to make money selling them.

Via: Apple 2.0 @ Fortune

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