“Shaw Wu, an analyst with American Technology Research, this morning raised his revenue and EPS estimates for Apple, citing strength in the Mac business and sharp reductions in the pricing of key components, including NAND flash, DRAM and hard-disk drives,” Eric Savitz blogs for Barron’s.

“Wu says that the Mac business appears ‘recession proof.’ He now sees unit growth in the fiscal second quarter ending March up 42% year over year, up from his previous estimate of 38%. He says MacBook Air sales, ‘have picked up rapidly,’” Savitz reports.

“Wu now sees the company selling 2.15 million Macs in the March quarter, up from his old estimate of 2.1 million. He sees iPods at 10 million, up from 9.7 million, with iPhones at 1.5 million, down from 2.1 million… [as] the recent iPhone SDK announcement is ‘causing a pause’ ahead of the iPhone 2.0 software debut in June,” Savitz reports.

“Wu expects March quarter revenue of $7 billion, with EPS of $1.10; that’s up from $6.9 billion and $1.02. For the September 2008 fiscal year, he sees $31.3 billion and $5.15, up from $31 billion and $5. For ‘09, he sees $35.6 billion and $6.05, up from $35.2 billion and $5.95,” Savitz reports.

Full article here.

MacDailyNews Note: Apple’s March quarter (Q2 08) guidance of “revenue of about $6.8 billion” is 29.3% over Apple’s Q2 07 posted revenue of $5.26 billion.