Wednesday, January 18, 2012

‘iPhone frenzy' to drive huge Q1 for Apple

‘iPhone frenzy' to drive huge Q1 for Apple

. By all accounts, Apple is preparing to report the biggest quarter in the company's storied history on January 24th, fueled by solid Mac sales, strong iPad demand and unprecedented iPhone sales. And despite Wall Street's high expectations, a number of analysts are still expecting Apple to beat the Street when it reports its first fiscal quarter earnings next Thursday. RBC Capital Markets's Mike Abramsky on Wednesday told clients that an “iPhone frenzy” in Apple's December quarter will result in a solid first-quarter beat, and the analyst raised his target on Apple stock as a result.

Boy Genius Report, ‘iPhone frenzy' to drive huge Q1 for Apple

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