JPMorgan's latest bullish note on Apple (AAPL -0.4%) focuses on the potential of the MacBook Air, which has turned into a smash hit for the company. The firm thinks a $7B+ annual sales rate could be reached over the next 12 months. Shortages and high prices for hard drives could be giving Air sales a lift, given its reliance on NAND flash memory for storage. A 15-inch model is reportedly arriving in Q1. (previously)
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