Apple's entry in the smartwatch market won't come until spring 2015, but Bernstein analysts are already raising their target price for the company's stock from US$110 to $120 based on the Apple Watch's potential. The investment firm sees higher App Store margins thanks to Apple Watch apps, and that's going to help drive revenue even higher.
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Interest in Apple Watch is clearly high, and it seems everyone wants to use Apple Pay. Once Apple Watch ship, Apple Pay opens up to even more iPhone owners, and that should translate into even more revenue for the company.