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Apple to ‘significantly exceed’ Q1 guidance

Credit Suisse First Boston has raised its target price for Apple to US$70 from $40 and said the company is poised to exceed prior sales guidance for the fiscal first quarter. “With this season’s hottest CE [consumer electronics] product and a new product cycle in its flagship iMac, Apple is poised to significantly exceed its initial December quarter outlook issued on its fiscal fourth-quarter conference call in October,” the research firm said.

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