Bear Stearns on Monday raised its share price target on Apple to US$72 from $60. The firm said there is an upside potential from the expected introduction of a flash memory-based iPod. Earlier today, J.P. Morgan raised its revenue and earnings per share estimates for Apple, citing expectations for strong holiday sales. The firm raised 2005 revenue estimate to $12.9 billion from $11.4 billion and raised its 2005 earnings per share estimate to $1.69 from $1.48.