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AAPL Stock: 111.57 ( + 2.16 )

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Morgan Stanley raises AAPL estimates

updated 12:45 pm EDT, Tue April 13, 2004

Raises AAPL estimates

Morgan Stanley , citing better-than-expected sell-through in the fiscal second quarter (ended March '04) of iPods, Mac OS X Panther and iBooks, but noting a possible shortfall in G5 sales. According to Forbes, "The research firm raised expectations for the quarter to earnings of 10 cents per share on revenue of $1.82 billion, compared with an earlier estimate for earnings of 9 cents per share on revenue of $1.81 billion. Morgan Stanley raised fiscal 2004 estimates to earnings of 49 cents per share on revenue of $7.69 billion, compared with an earlier estimate for earnings of 45 cents on revenue of $.750 billion.... The firm lowered its second-quarter G5 unit forecast to 181,000 units from 212,000 units. For the remainder of fiscal 2004, Morgan Stanley increased its iPod unit estimates to 3.7 million from 2.8 million." Apple will release earnings Wednesday after the market closes.




by MacNN Staff

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