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Apple supply issue alleviated with addition of Sony, says Jefferies

Jefferies said its channel checks indicate that the addition of Sony (SNE) to the list of in-cell display suppliers to Apple's (AAPL) iPhone 5 has alleviated what had been the main supply bottleneck. The firm's analysis suggests demand for iPhone 5 will be strong and it sees numerous catalysts over the next couple months for Apple shares to perform well. Jefferies keeps a Buy rating on Apple with a $900 price target.