Barclays Reiterates an 'Overweight' on Apple (AAPL); Making Moves in Mainland China

Barclays reiterates an 'Overweight' on Apple (NASDAQ: AAPL) price target of $730.00.

Analyst, Ben A. Reitzes, said, "The China Quality Certification Centre granted approval for the iPad last week. While approval is not necessarily an indication of immediate availability, certification is required for the iPad to go on sale in Mainland China...We believe it makes sense for Apple to work with China Mobile (NYSE: CHL) to sell the iPhone 5 by C1H13."

Reitzes expects more retail locations to be developed in the region as the company get more cooperation from the Chinese government.


For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $614.48 yesterday.

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