Before the Bell: Apple top edges - BusinessWeek

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Shares of Apple Inc., increased by Americans of trade on Thursday and a Credit Suisse analyst initiated coverage of the technology company with a huge target price of $500 and the expectations of growth in revenues and profits "disproportionate".

Shares of Apple rose $4.99, or 1.5%, to $335.50 trade in marketing. The target price of $500 is 51.5 per cent above Apple close of trading Wednesday.

The prediction of Credit Suisse comes one day after values JMP downgraded the stock, saying that Apple is facing supply problems.

Analyst Kulbinder Garcha, than the rates of the company "outperform", said Apple should power serve of income and the growth of income of 50 per cent and 46 per cent, respectively, in the next two years. This, he added, is "significantly" ahead of Wall Street expectations.

"(Three) years after the launch of the iPhone, few competitors have succeeded in reducing the benefit of Apple," Garcha wrote in a note to investors. The iPad, meanwhile, goes to a Tablet PC market around the world that could be of $ 120 million in 2015.

"Within this segment, we believe that Apple dominate, aggressive pricing, time to market advantage and a border of software, keep share as high as 50 (percent) in the long term," he added.

Garcha said Apple's "rebirth of the difficult end of the 1990s days has been spectacular," beginning with the iMac, then the iPod iPhone and more recently the iPad.

"The impact on earnings of the company has been amazing and has enabled market value that among the 10 best globally from Apple, I fold 60 growing in the last decade and five times in the last 5 years"He wrote."

Garcha noted that the health of CEO Steve Jobs, who is currently on a leave of absence, is a risk of investment for Apple, even more than in other companies. Jobs, he said, credited "very personally involved in the continuous chain of product success" with the company has seen in recent years.

"It is clearly difficult to know the exact impact that Steve Jobs at Apple," he wrote the Garcha. "It is certainly important, but it would also be naive to assume that employees and management team... have had a hand in the success of Apple."

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