JPMorgan raises estimates on AAPL
updated 01:30 pm EST, Tue January 4, 2005
AAPL estimates raised
JPMorgan on Tuesday for Apple, citing robust sales of its iPod digital music players and Mac personal computers through December, according to Reuters. The company analyst "Bill Shope said that the 'key catalyst' for the upward revision was 'improved availability of 1.0-inch drives for the iPod Mini.' JPMorgan expects earnings per share of 49 cents for the December quarter, up from its previous estimate of 47 cents. JPMorgan also raised fiscal 2005 forecasts, now predicting EPS of $1.71, up from $1.69 previously. For 2006, its forecast is unchanged at $2.00." Apple is expected to release its earnings on January 15.
