J.P. Morgan Securities has raised their second fiscal quarter and 2008 estimates for Apple Inc. (AAPL), “saying stronger-than-expected MacBook shipments in the quarter will offset softer iPhone and iPod sales,” Ratul Ray Chaudhuri reports for Reuters.
“J.P. Morgan raised its second-quarter profit estimate for the company to $1.09 a share from $1.05 and 2008 estimate to $5.04 a share from $4.94,” Chaudhuri reports.
“Mac shipments in the quarter are now expected to be 2.11 million, above prior expectations of 1.97 million, the brokerage said,” Chaudhuri reports.
Full article here.
“The Nasdaq composite index jumped 1 percent on Thursday as shares of Apple Inc. rose following positive brokerage comments on Apple’s profit outlook,” Ellis Mnyandu reports for Reuters.
Full article here.
This sites layout is fucked up
Well John, if you don’t like it stay off it.
Mac shipments will never be less than 2 million ever again.
Excellent!
That terrible MBA with all those missing features must be selling up a storm. It appears most customers know the difference between a notebook and a sub notebook.
I am overwhelmed by the wisdom and wit of the comments on this story.
John, you need to examine your entitlement issues and your ‘blame everyone else except yourself’ philosophy.
Please dont hesitate to return when your mind is at peace.
@john
What an astonishing wit, not to mention vocabulary, you have! Your mother must be so very proud of you. Do you kiss her (deeply, no doubt) with the same mouth?
That and MacPro sales. I swear, best $3K I ever spent. Thing is rock solid and flies!
AAPL will come in at about $1.25 eps for their second quarter ending in March. MS is full of shit.
Soon it will be time for the MDN Laura Goldman quotes again. She was feeling relieved the first of February, but now…
Didn’t somebody just downgrade Apple? Looks like this week’s check from M$ hasn’t cleared over at J.P. Morgan…
Just my $0.02
Ray:
“Didn’t somebody just downgrade Apple?”
From the top of this page:
“Related articles:
Morgan Keegan downgrades Apple to ‘underperform’ – April 08, 2008″
Just my 1 Thai baht.
That Morgan Keegan analyst yesterday was a bear shill.
Watch out for bear traps.
Why does it say that “offset softer iPhone sales” ? Based on what?
I thought there was a problem meeting iPhone demand recently.
No, i mean this sites layout is really fucked up – it is not displaying properly in safari, there is a yellow band down the page and it is all wrong…
Analysts just prove how stupid they are. Some up, some down, they can’t even predict one day ahead.
They pull these numbers from where? I’d like to see analysts be held to the same predictions that Apple is.
Just keep it coming, I just bought 20 Apple Stocks at $157!