“In his second note to clients in as many days, Deutsche Bank’s Chris Whitmore raised his price target for Apple (AAPL) to $375 — the highest we’ve seen to date,” Philip Elmer-DeWitt reports for Fortune.
“‘Apple is beginning the strongest product cycle in the company’s history, led by the iPad and iPhone 4 release later this week,’ he writes,” P.E.D. reports. “Whitmore more than doubled his estimate of iPad sales for calendar 2010, to 12 million from 5 million — which makes you wonder what he was thinking last January.”
P.E.D. reports, “He’s also raised his iPhone estimate, but more modestly: it’s now 44 million for 2010, up from from 41 million.”
Read more in the full article here.