“Morgan Keegan’s Tavis McCourt raised his iPad estimate for the current quarter to 8.5 million units, from a prior 6.5 million, and raised his full-year estimate to 30 million units from 25.5 million previously,” ,” Tiernan Ray reports for Barron’s. “The change is to ‘adjust for various data points’ since Apple’s fiscal Q1 report back in April, he writes.”

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“McCourt reiterated an Outperform rating on Apple shares and raised his price target to $480 from $462,” Ray reports. “McCourt also raised his iPhone estimate for this quarter, to 17 million units from 16 million, though he cut his September-quarter estimate to 19 million from 22 million, because the exact timing is not known for the next iPhone model. McCourt is leaving unchanged a forecast for 100 million iPhone units in all of fiscal 2012.”

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