Credit Suisse initiates coverage of Apple (AAPL +1.4%) at Outperform with a $500 price target,...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Credit Suisse initiates coverage of Apple (AAPL +1.4%) at Outperform with a $500 price target, and expects to see strong earnings growth over the next two years. Apple's smartphone marketshare should rise to 20% in 2012, and the iPad should become a $34B business by next year.