Sina U. S. stocks on January 10 Credit Suisse will Apple IncThe target share price was raised to $275 from $221, reiterating Apple Inc's neutral rating, citing the latest Chinese iPhone sales figures. Apple Inc's shares rose 0.4 per cent before trading.

Credit Suisse said iPhone shipments in China rose 18.7 per cent in December from a year earlier, "significantly better than the 13.7 per cent decline in the smartphone market as a whole".

Credit Suisse said the "strong results marked a significant improvement over October and November" and analyst Matthew Cabral was "encouraged" by the news.

Jefferies yesterday raised Apple Inc's price target to $350 from $285, and Apple Inc is expected to perform strongly during the holiday shopping season.

Analysts' analysis of the flow of people and global Internet traffic at Apple Inc's store in the United States "shows that Apple Inc will achieve strong results in the calendar year 2019," Kyle McNealy wrote in a report to customers.

Jefferies wrote that the upcoming 5G cycle was "the biggest driver of our view", reiterating the buy rating.

Apple Inc's share price has risen nearly 80 per cent from its June low. Apple Inc will report first-quarter results on January 28th.