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Technology Stocks : Apple Tankwatch -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (3640)	4/12/2011 2:36:58 PM
From: Road Walker	Respond to of 32692

RBC Capital Sees Apple (AAPL) Posting Blowout Q2 Product Sales 11:15 am ET 04/12/2011 - StreetInsider Apple Inc. (NASDAQ: AAPL) has established a tradition of destroying the Street's expectations, a trend that should continue with its upcoming quarterly results, which will be the first to include sales of the iPad 2. RBC Capital analyst Mike Abramsky sees Apple blowing out the consensus for iPad 2 sales, with the devices reaching 2-3 million units sold during the second quarter, when the tablet was only on sale for about a month. Including first-generation models, the analyst see 7 million units sold in the period. Abramsky also adjusted his iPad 2 sales estimate for 2011 to 31 million units, up from a prior view of 25 million. These numbers would push Apple;s revenue growth to 57 percent year over year to $102 billion. The iPhone 4 debuted on the Verizon (NYSE: VZ) in the quarter, a move that Abramsky sees pushing sales of the device to 17 million units sold, which would be a record for the iconic device. The analyst also sees Apple selling 3.6 million Mac computers in the period, boosted by the popular MacBook Air. Apple is expected to report Earnings of $5.33 per share for the second quarter on sales of $23.18 billion. The company will release its results for the period