“Gene Munster with Piper Jaffray issued a note to investors on Monday in which he said he believes Apple will report sales of between 28 million and 29 million iPhones for its June quarter. That’s slightly higher than Wall Street consensus of between 25 million and 27 million,” Hughes reports. “‘We believe investors should own AAPL going into the June quarter earnings as we expect the company to report iPhone units better than low expectations of the buy side,’ Munster wrote.”
Hughes reports, “The analyst said he is “confident” that iPhone sales could be better than Wall Street expectations, particularly given what he referred to as “sustained weakness” at rivals Research in Motion and Nokia. Piper Jaffray’s price target for AAPL remains at $910.”
Read more in the full article here.
[Thanks to MacDailyNews Reader "Fred Mertz" for the heads up.]