Kaufman Bros. analyst Shaw Wu has increased a 12-month price target for Apple stock, shifting the goalpost from $295 to $305. When Apple releases its second-quarter results tomorrow, Wu suggests that the company will reveal shipments of 7 million iPhones, rather than the 6.5 million he had anticipated earlier. "Supply chain checks" are meanwhile said to foretell sales of 900,000 iPads in the June quarter, rather than an earlier estimate of 550,000. Gross margin projections for Q2 have been adjusted from 39.7 percent to 40.3.
