Apple: BMO Capital Ups Estimates on Strong Mac Sales

BMO Capital’s Keith Bachman this morning raised his EPS estimates for Apple’s (AAPL) September 2009 fiscal year to $6.36 from $6.21, reflecting increases in his estimates on both notebook sales and iPhone’s average selling prices. Bachman repeated his Outperform rating and $205 price target on the stock.

For the June quarter, Bachman thinks Apple shipped 2.4 million to 2.5 million Macs, providing 39% year-over-year unit growth. For calendar 2009, he expects Apple CPU units to increase 26%, well above the 11.5%-12% growth he expects in the overall PC market.

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