“Wolf, referring to ‘recent reports of blow-out iPhone sales,’ no doubt referring to remarks by Verizon Communications and by AT&T in recent weeks, raised his estimate for last quarter’s iPhone shipments to 28 million from 32 million [sic. strike that, reverse it],” Ray reports. “Consequently, he raised his FYQ1 EPS estimate to $10.85 per share from $9.55.”
Ray reports, “Wolf maintains a Buy rating on Apple shares and a $540 price target.”
Full article, with Wolf’s iPad estimates (also raised), here.
MacDailyNews Note: AAPL earlier this morning hit a new all-time intraday high of $426.77.
Goldman Sachs hikes Apple estimates, expects monster quarter – January 9, 2012
Apple to webcast Q112 earnings release conference call on January 24 – January 4, 2012