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Apple in a ‘super cycle’

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Apple Inc. is expected to reach a market capitalization of $1.1 trillion within the next year and “is in the midst of a transformational super cycle,” Cantor Fitzgerald analyst Brian White told MarketWatch. The firm raised its price target on Apple stock to $195 from $180, implying the $1 trillion market cap. Giddy analysts said the Apple Watch will be the best-selling product in the company’s history and sales of the iPhone 6 are strong, while others pointed to rumors of an Apple Car as cause for excitement.