With many expecting Apple to unveil gangbuster numbers for its first quarter of 2011, analysts early today were busy raising earlier predictions. One observer increased both Apple’s expected earnings to above $24 billion, with 16 million iPhone and 7 million iPads sold.
JP Morgan’s Mark Moskowitz writes Apple could “beat our above-consensus revenue and earnings-per-share estimates of $24.778 billion and $5.38.” Many Wall Street experts had predicted the Cupertino, Calif. company would earn $24.226 billion for the first financial quarter of 2011.
