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AAPL Stock: 111.78 ( -0.87 )

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Analyst raises estimates on AAPL for Sept. quarter

updated 08:30 am EDT, Thu October 7, 2004

AAPL estimates raised

Analysts at Morgan Stanley today reiterated their "equal weight" rating on Apple, while for the company, according to NewRatings.com: "In a research note published this morning, the analysts mention that Apple is scheduled to declare its F4Q04 earnings on October 13. The analysts expect the company to post robust revenues due to a consistent increase in the iPod and accessory demand. Morgan Stanley believes that the hardware demand would continue to improve in the forthcoming months. The EPS estimate for the 4Q04 has been raised from $0.18 to $0.20."




by MacNN Staff

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