The iPhone 6 and iPhone 6 Plus are drawing Android smartphone users into the Apple camp, and the company took in 93 percent of the smartphone market's profits, too. Canaccord Genuity analyst Michael Walkley thinks Apple will continue to dominate the smartphone market, so he's raising his target price for the company's stock from US$135 up to $145.
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Canaccord's Michael Walkley thinks Apple will sell between 210 million and 215 million iPhones a year between now and 2018. That's a lot of smartphones for competitors to try to match.