Morgan Stanley has increased earning estimates for Apple, citing better-than-expected second quarter sales of iPods, iBooks and Mac OS X 10.3 (Panther). The firm raised estimates for the quarter to earnings of 10 cents per share on revenue of $1.82 billion, compared with an earlier estimate of 9 cents per share on revenue of $1.81 billion. Morgan Stanley raised fiscal 2004 earnings estimates to 49 cents per share on revenue of $7.69 billion, compared with an earlier estimate for earnings of 45 cents on revenue of $7.50 billion.