AAPL: Stating checks indicate stronger iPhone 4/4S...

10:55 AM Stating checks indicate stronger iPhone 4/4S sales at lower prices, Canaccord's Mike Walkley is raising his FQ2 and FQ3 iPhone (AAPL +0.2%) sales forecasts. Walkley now respectively expects FQ2 and FQ3 iPhone sales of 37M and 27M, up from a prior 34.5M and 25M. iPhone 5 sales are seen falling in a manner "consistent with normal seasonal patterns." On March 20, Walkley lowered his FQ3 iPhone forecast by 11M, while raising his FQ4 forecast by 1.9M. Read comments

AAPL price at time of publication: $424.06. Check AAPL price now »

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