Prudential has raised their quarterly profit estimates for Apple Inc. (AAPL).
Apple shares are currently up $1.51, or 1.76%, to $87.41.
Prudential estimates earnings of 68 cents a share in the March quarter vs. their old estimate of 64 cents per share. Wall Street’s consensus target stands at 61 cents per share.
Prudential says the firm believes that iPod seasonality is being more than offset by stronger Mac sales and higher margins.
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