Apple (AAPL) to Expand Reach with Target (TGT)

Target (NYSE: TGT) shares are indicated higher Friday, following reports it might have a big deal on its hands with an electronics and media giant.

According to reports, Target might be the recipient of new store-within-stores for Apple (Nasdaq: AAPL) products. AppleInsider notes that Apple plans to open Apple-branded areas in 25 larger Target stores in locations that can't support a standalone Apple store.

The deal should benefit Target with it's ability to offer the newest, greatest Apple products, while Apple will be able to expand its retail channel into smaller metro areas.

Apple currently has deals with the likes of Wal-mart (NYSE: WMT) and Best Buy (NYSE: BBY). About 600 of 1,000 Best Buy stores have "Apple Shops," notes AppleInsider, but Wal-mart details weren't given.

Of course, Target has been moving Apple products since the iPod in 2002, and have slowly evolved through iPhones and iPads. Most sales are made with mobile sales centers within Target.

Shares are about 0.1 percent higher ahead of the bell.