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At $400, Where Does Apple Go from Here?

By Andrew Tonner - Apr 20, 2013 at 8:00PM

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Apple has touched $400 per share. Where does it go next?

In this video, analyst Andrew Tonner talks about Apple's current situation. Even though the stock sits just below $400, he has three reasons he's bullish on Apple:

  • Its dividend, which sits at 2.5% and is likely to be raised in its upcoming earnings report. With its $137 billion cash pile, it could keep increasing dividends in the future.
  • The likelihood of an upcoming lower-cost iPhone, which could help Apple break in to new markets and boost revenues.
  • The company's upcoming next-generation product -- a smart watch or a smart TV, which could arrive sometime next year also also drive revenues.

For more details, check out the video.

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