Morgan Stanley raises estimates for Apple Computer, Inc.

“Analysts at Morgan Stanley maintain their ‘equal weight’ rating on Apple Computer Inc, while raising their estimates for the company. In a research note published this morning, the analysts mention that Apple Computer is scheduled to declare its F4Q04 earnings on October 13. The analysts expect the company to post robust revenues due to a consistent increase in the iPod and accessory demand. Morgan Stanley believes that the hardware demand would continue to improve in the forthcoming months. The EPS estimate for the 4Q04 has been raised from $0.18 to $0.20,” newratings.com reports.