Broadpoint AmTech analyst, Brian Marshall, has issued revised estimates for iPhone sales, pegging the highest numbers so far predicted for Apple’s Q4, an impressive 11.3 million sales.
This (anticipated) success exceeds the previous high estimate of 10 million devices, and the analyst explains this reflects strong international sales (cf. France). Street consensus currently claims 8.8 million iPhone sales in the quarter.
The analyst writes that Apple “remains the best technology company on the planet.”
Tech Trader Daily reports the analyst has raised his AAPL estimate to $235 per share, with a ‘Buy’ rating.
Thomas Weisel Partners analyst Doug Reid also
