Sterne Agee analyst Shaw Wu is raising estimates for Apple's fiscal first-quarter results, due to be announced later today. "Based on our updated checks, we are raising our estimates again and see room for upside, particularly EPS, based on a favorable product mix toward iPhone," he writes in a new memo. "We are now modeling 29.5 million iPhones (from 28 million) and leaving our Mac and iPad assumptions intact at 5.2 million and 13.5 million units, respectively. We are also assuming a higher gross margin of 41.2% (from 40.9%) due to a favorable product mix toward i
