Apple (NASDAQ: AAPL) share prices remained in the upper $120s last week, as they have for several weeks now. Shares opened the week at $127.39 and closed Friday at $128.77 for a little over a 1% gain on the week.
Investors remain bullish about the near future, according to the weekly target price raises given to Apple stock by analysts from various financial groups. Last week, analyst Michael Walkley of Canaccord Genuity raised his target from $155 to $160. He believes that iPhone 6 sales will continue to be strong and cites Tim Cook's estimate that only 20% of iPhone owners had upgraded to the new handset as of the end of the March quarter.
Data from UBS' Evidence Lab iPhone Monitor also points to strong iPhone sales continuing. Their model forecasts another 51.1 million iPhone 6 sales during the June quarter. Analyst Steve Milunovich raised his estimate from 43 million to 48 million sales rather than 51 million because the model predicts demand for iPhones, not how many Apple will actually manufacture.Tim Cook is "very bullish on Apple Pay in China," according to a report from Reuters last week. Apple is currently in talks with Alibaba about launching Apple Pay. Alibaba runs Alipay, which is currently China's largest mobile payments system.
Trader Joe's will soon begin accepting Apple Pay at over 400 locations. The mobile payment system is now supported at 68 merchants and over 700,000 payment terminals.
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For the second year in a row, Apple topped the Greenpeace Clean Energy Index with a perfect 100. The index rates companies on their energy transparency, renewable energy commitment and policy, energy efficiency and mitigation, and renewable energy deployment and advocacy. Yahoo came in second with 73, while no other company broke a score of 50.