Estimates of shipments of Apple's (Nasdaq:AAPL) iPhone for the first quarter have been raised by the company, increasing it from prior projections of 19 million in sales to a range of 21 million to 22 million.
Ticonderoga Securities analyst Brian White said the new estimates are "big numbers and directly point to the growing popularity of the iPhone around the world.”
Ticonderoga maintains their "Buy" rating on Apple, which was trading at $323.15, down $0.45, or 0.14 percent, as of 12:10 PM EST.
Where exactly does it state the company raised estimates? Where is the news article?
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