April 10, 2008 / 1:10 PM / 11 years ago

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)

((ratul.raychaudhuri@reuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: ratul.raychaudhuri.reuters.com@reuters.net)) Keywords: APPLE/RESEARCH JPMORGAN

C Reuters 2008. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nWNA2370

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below