Apple: Credit Suisse Ups Estimates on Better Mac, iPhone Sales

April 9, 2009 at 9:57 am PT

Credit Suisse analyst Bill Shope this morning boosted his estimates for Apple (AAPL), asserting that demand for both Macs and iPhones held up better than he feared in the March quarter.

For the March quarter, he now sees revenue of $7.76 billion and profits of $1.09 a share; his previous forecast was for $7.44 billion and 97 cents. Shope notes that he is now closer to the consensus at $7.95 billion and $1.08. For the September 2009 fiscal year, he now sees $34.54 billion and $5.11 a share, up from $33.17 billion and $4.89. Again, he’s now closer to the Street at $35.28 billion and $5.19.

Read the rest of this post

Tagged with: Apple, Barrons, Bill Shope, Credit Suisse, Eric Savitz, frontpage, hardware, iPhone, Mac, Tech Trader Daily

comments so far. Add yours.

Must-Reads from other Web sites

“You Get On The Internet And Pretty Soon You’re Drunk”: The Orthodox At Citi Field

Sean Patrick Cooper, Contributor, The Awl

Meet the tireless entrepreneur who squatted at AOL

Daniel Terdiman, Senior writer, CNET

Mark Zuckerberg’s unpleasant new life

Felix Salmon, Finance blogger, Reuters

Anyone can do it. Data journalism is the new punk

Simon Rogers, News editor, the Guardian

Fashion World Mulls Facebook IPO’s Impact

Rachel Strugatz, Editor, Women’s Wear Daily

The Unabomber’s Pen Pal

Jeffrey R. Young, Senior editor, Chronicle of Higher Education

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Web Sites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other Web sites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Voices is edited by Beth Callaghan.