This season for Apple was all about iPad Mini and iPhone 5. Though the stocks of California based company hit the rock bottom when they plummeted by 28%, the growing demand of iPad Mini in China and Hongkong market injected hopes for stocks to swing back in action.
According to Forbes, Brian White of Topeka Capital is expecting apple stocks to hit the target of $1,111. The positivity for Apple stocks has come from fact that Apple iPad Mini has been a major hit in Hong Kong though it is still facing shortage in the homeland.
The stock of Apple did see a upswing on the launch of iPhone 5. The 6th generation iPhone gave Apple stock a rise of $705 but since then it has been on low. It is being hoped by analysts around the world that Apple shares would rise with the rising sales of iPad Mini.
Apple iPad Mini in available in India for the price of Rs 22,000.