Credit Suisse raises Apple estimates; expects 2.1 million Mac sales this quarter

Credit Suisse analyst Rob Semple has raised his earnings per share estimate for Apple’s (AAPL) fiscal fourth quarter ended September to $0.92 from $0.87.

For Apple’s calendar 2008, the analyst now expects Apple to deliver $5.00 a share, up from $4.83.

In a note to clients, Semple write, “We believe Apple will be the best performing IT hardware stock in [the fourth quarter] as our estimates will likely prove conservative given the growth drivers.”

The analyst expects the company to sell 2.1 million Macs in the quarter and maintained his “Outperform” rating and $185 price target on AAPL.

[Thanks to MacDailyNews Reader “Mike in Helsinki” for the heads up.]


  1. Connor – forget about the “few years back”. You’d be an idiot if you don’t get in “right now”. Think about what Apple has done, and what it has lined up for the future. Put down a few thousand and let it sit for 10 years. Pay little attention to the tiny dips.

    MDN Magic Word: efforts

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