Following a trip to Asia, analyst T. Michael Walkley of Canaccord has sent out a note to investors reiterating his "Buy" recommendation on Apple, a $545 12-month target price and general optimism on both general demand for Apple products as well as continuing growth in the Asia-Pacific (APAC) region, particularly in China itself. Walkley attended the grand opening of Apple's third Shanghai store as well as met with suppliers and other market experts.