Demand for Apple's recently released iPhone 6 and iPhone 6 Plus still high, Canaccord Genuity analyst Michael Walkley is raising his target price for the company's stock from US$120 up to $135. That demand is targeted mostly at the higher capacity 64GB and 128GB models, which he says offer higher profit margins.
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Consumers were clearly ready for bigger screen and higher capacity iPhones, and that demand doesn't seem to be letting up. It's looking like Apple will be able to sell iPhones as fast is it can make them through the holiday buying season.