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Windfall Profits from Apple's "iWatch" and "iPhone Lite"

Back in the fall, Apple Inc. (Nasdaq: AAPL) was riding high. Its shares were trading at rarified levels north of $700 each, and the Wall Street handicappers (you might know them better as "the analysts") were happy to give you odds on when the stock would cross the $1,000 threshold.

(If you'll recall, the question wasn't "if" the stock would cross that boundary ... it was "when.")

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