Kaufman Bros. analyst Shaw Wu has raised his price target for Apple stock from $235 to $253, citing new Q1 sales forecasts derived from industry and supply chain checks. Apple is expected to record as many as 9.5 million iPhones shipping in the December quarter, well above the consensus estimate of 8.8 million. The figure would set a quarterly record for Apple, and be based largely around the addition of China and South Korea to Asia-Pacific sales, as well as "stronger-than-expected" European performance thanks to multiple carriers and attractive pre-paid options.
