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Why Apple May Have to Turn to M&amp;A to Hit Its $48 Billion Services Target by 2020 $AAPL http://bit.ly/2mtuY2I http://bit.ly/AAPL8

Shares of Apple ( AAPL) were trading slightly higher in early afternoon trading after RBC Capital analyst Amit Daryanani raised his price target on Wednesday on the tech giant's stock to $155 from $140, and maintained his overweight rating based on optimism about its services business.

TheStreet

Why Apple may need to rely on M&amp;A to hit its $48 billion services target by 2020

We're at the Apple Store previewing Apple earnings. Tim Cook, Apple's CEO, had a 15% pay cut. He made $8.7 million this year. Last year, he made $10.3 million. Ht got a pay cut because Apple's revenues declined for the 1st time since 2001. People are waiting longer than 1-2 years before upgrading their phones.