In a note to clients — as noted by “AppleInsider” (http://www.appleinsider.com) — Evercore Partners analyst Rob Cihra raised his price target for shares of Apple to a record US$750 in light of the company’s new quarterly dividend and strong iPad demand.
For calendar 2012, Evercore now expects sales of 66 million, up from 59 million. Cihra says he continues to “see prospects for a unique mid-cycle iPad refresh” coming around September. The update could bring the introduction of a quad-core A6 processor and a “new smaller 8-inch model,” per Cihra.