“Apple Computer Inc. had its share price estimate raised to $93 from $84 by Banc of America Securities, which cited higher sales of laptop computers,l” Michael Patterson and Ville Heiskanen report for Bloomberg.
Patterson and Heiskanen report, “Unit sales of notebook computers should grow 20 percent in fiscal 2008, analyst Keith Bachman wrote today. He estimated 2008 profit would be $3.25 a share on sales of $26.9 billion. Analysts in a Thomson Financial survey expect profit of $3.20 on sales of $26.3 billion.”
Patterson and Heiskanen report, “Apple will attract more customers for the laptop because the company is making it easier for users to run both its own operating system and Microsoft Corp.’s Windows, Bachman said. He rates the shares a ‘buy.'”
Full article here.
MacDailyNews Note: Apple today set an all-time intra-day high of $93.08 and an all-time closing high of $91.63.
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