updated 08:35 pm EDT, Thu April 10, 2008
MacBook buffs AAPL
Due to stronger-than-expected MacBook shipments, J. P. Morgan Securities today raised its second quarter estimates for Apple, saying that the above factor made up for slower iPod and iPhone sales. Thanks to the boost in portable sales, J.P. Morgan raised both Apple's second-quarter and 2008 yearly profit estimates from $1.05 and $4.94 per share, to $1.09 and $5.04 per share, respectively, according to Reuters. Mac shipments for the quarter are also estimated to be higher, at 2.11 million units, versus the earlier prediction of 1.97 million.
The iPhone is currently facing a few issues, such as stock shortage, and pressure regarding a potential 3G iPhone. One user discovered a 3G-capable chip system is already accounted for in the latest SDK release, indicating the upgrade could be any day now.