RBC Capital Markets analysts have reiterated their “outperform” rating on Apple Inc. (AAPL) and raised their estimates for the Cupertino computer and electronics innovator.
In a research note published this morning, RBD analysts note that expected changes in Apple’s iPhone business model are likely to accelerate momentum and expand the potential worldwide market.
The analysts expect Apple to move from a policy of carrier exclusivity toward sales of unlocked iPhones for use on consumers’ choice of carriers and envision iPhone subsidies going forward.
RBC’s EPS estimates for FY08 have been raised from $5.37 to $5.40 and, for FY09, from $6.23 to $6.50.
RBC’s target price has been raised to $220 from $200.
[Thanks to MacDailyNews Reader “Richard D.” for the heads up.]