Apple (AAPL.US) saw its shares rise 3% on Friday, closing at $271.42. The increase followed a report from market research firm Counterpoint Research indicating that iPhone shipments in China surged 20% year-over-year during the first quarter. Apple led all major brands in shipment growth and captured 19% of the market, ranking second only to Huawei. Separately, BNP Paribas upgraded Apple's stock rating from "Neutral" to "Outperform" and raised its price target from $260 to $300.
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