Barclays Reiterates an 'Overweight' on Apple (AAPL); How Much Do I Weigh According to S&P?

Barclays reiterates an 'Overweight' on Apple (NASDAQ: AAPL) price target of $750.00.

Analyst, Ben A. Reitzes, said, "We believe that Apple is disrupting whole sectors, extracting profits and revenues from companies in the PC, mobility, printing, and even retail sectors. Therefore, we believe AAPL should be overweighted in terms of its profit vs. the market. However, Apple is arguably under-represented at 4.7% of total S&P 500 profits compared to a 4.58% float-adjusted market-cap weighting. We estimate every point of weighting within the S&P 500 represents about $125 billion in market cap or 22% of Apple's total."

Reitzes still expects 30 million iPhone 5's to be shipped in the December quarter...and product transitions have been proven buying opportunities.

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 $603.83 yesterday.

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