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Analyst Says Apple Will Go to $195 and That the Watch Will Be Its Best-Selling New Product Ever

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Apple Earnings Teleconference in Two Minutes

Apple reported another quarter of strong earnings after the market close yesterday, with quarterly profit up by 33 percent on the back of strong iPhone sales in the U.S. and China.

Apple also said that iPhone sales in greater China outpaced those in the U.S. for the first time, putting the firm on pace for its highest annual profit since 2012 -- a record -- and the company forecast sales in the current period that may exceed analysts’ estimates.