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AAPL Stock: 112.98 ( + 0.58 )

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J.P. Morgan increases AAPL estimates

updated 10:35 am EST, Mon March 14, 2005

J.P. Morgan AAPL

J.P. Morgan raised its for Apple, saying concerns over increasingly aggressive moves by competitives in the portable music player and digital music store markets are overdone. Its checks show Apple's March quarter momentum is exceeding typical consumer seasonality; the broker now sees a March quarter EPS of 24 cents on revenue of $3.23 billion, compared to its earlier view of 23 cents on revenue of $3.17 billion.




by MacNN Staff

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  1. kw99

    Joined: Dec 1969

    0

    At least one...

    analyst has a clue. Well, I'm sure there are probably a few others who actually looked at the numbers and also found concerns about Apple's "music" competition to indeed be "overdone."

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