Raises estimates, finding competitive offerings 'delayed, underwhelming or both.'
Stifel Nicolaus' Doug Reid raised his Apple (AAPL) price target modestly Thursday -- to $360 from $350 -- in a note to clients that poured praise on the company and scorn on its competitors. Specifically:
For the quarter that ended on Saturday, Reid expects Apple to report earnings of $4.15 per share (up from an earlier estimate $3.89) on sales of $19.105 billion. We'll find out how close he is when the issues its Q4 earnings report on Monday, Oct. 18.
[Follow Philip Elmer-DeWitt on Twitter @philiped]
The consensus on Wall Street was that Apple would sell fewer than 382,000 iPads a month
In the wake of Apple's (AAPL) announcement Monday that it has sold 2 million iPads in less than two months, this seems a good time to revisit the sales predictions made by the experts when the iPad first came out.
As it happens, we published the estimates of 14 Apple analysts on Jan. 28, the day MOREPhilip Elmer-DeWitt - May 31, 2010 3:31 PM ET
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