“W.R. Hambrecht analyst Matthew Kather believes that Apple Inc.’s current quarter is shaping up so well that on Friday he raised his fiscal year earnings and revenue forecast,” Rex Crum reports for MarketWatch.
Kather estimates Apple will earn $3.67 a share on $24.09 billion in sales vs. his previous forecast of $3.63 a share on revenue of $23.67 billion.
Crum reports, “Kather said he expects Apple to sell 12 million iPods during its fourth quarter, which ends in September. Kather also said that he believes Apple’s iPhone business is accelerating due to the company cutting the price of the device to $399 in the U.S.”
Full article here.
Not to mention Mac sales!