“Oppenheimer & Co.’s Ittai Kidron this morning reiterates an Outperform rating on shares of Apple (AAPL), while raising his price target to $570 from $510 after raising his estimates for both the iPhone and the iPad this quarter,” Tiernan Ray reports for Barron’s.
“Fiscal Q2 sales of the iPhone may total 31 million, units, up from his 29 million estimate previously, he writes, while the iPad may end up at 11 million versus his prior 10 million-unit projection,” Ray reports.The iPad sales likely slowed this quarter awaiting what appears to be a March 7th unveiling of the next iPad, writes Kidron.”
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