JPM ups Q2, '08 estimates for Apple on strong MacBook shipments
April 10 (Reuters) - J.P. Morgan Securities raised its second quarter and 2008 estimates for Apple Inc (AAPL.O), saying stronger-than-expected MacBook shipments in the quarter will offset softer iPhone and iPod sales.
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
Mac shipments in the quarter are now expected to be 2.11 million, above prior expectations of 1.97 million, the brokerage said.
(Reporting by Ratul Ray Chaudhuri in Bangalore; Editing by Anil D'Silva)
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