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Raising the apple target big numbers for apple watch and mid-level moves in

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Raise high the price target.

Bloomberg says Ken Accordinuity analyst T Michael Walkley has

opt his 12-month price target on Apple shares

after the company took 92% of the profits in smartphones for the December

quarter.

Is that a real number?

I can't say.

Walkeley is the one who does the thing where he takes losses suffered by some companies

and adds them to the profits made by others.

With that in mind, the piece says Apple's 92% last quarter was down from the September quarter when Walkley says

Apple took 106% of smartphone profits. That doesn't sound like a real number.

While Walkley knows all about the gains being That doesn't sound like a real number.

While Walkley knows all about the gains being made by Chinese smartphone makers like Vivo, Opo, and Huawei, he's not worried for the Cupertino company.

Sure, share for Apple and Samsung may take a hit, but they'll keep making all of the money in premium smartphones in Walkley's estimation.

The way he sees it, strengthened Chinese original equipment manufacturers continues to impact legacy smartphone vendors with LG, Microsoft, Sony and HTC, continuing to post weak results, but not Apple.

...