Several analysts have raised their revenue and earnings estimates for Apple as a result of the company’s higher than expected quarterly financial results yesterday, reports CBS Marketwatch. J.P. Morgan is is now projecting March quarter earnings of US$0.47 a share (up from $0.34 a share), with revenue estimates at $3.035 billion (up from $3.007 billion). In addition, UBS raised its fiscal second quarter earnings per share estimate to $0.41 from $0.29 cents. Meanwhile, Apple shares were up 11 percent in European trading and Banc of America and Soleil Securities
have upped Apple to ‘buy.’
