Apple received more good news from Wall Street, ahead of its expected Oct. 18 quarterly financial report. J.P. Morgan Thursday raised its revenue estimate for the fourth quarter to $18.71 billion, up from $18.13 billion. Despite Apple’s overwhelming success with the iPhone and iPad, the Cupertino, Calif. company has”plenty of growth” left, analyst Mark Moskowitz assured investors.
Indeed, Apple could earn $81.53 billion for fiscal 2011, up from Moskowitz’ previously estimated $78.84 billion. The increasing talk of a CDMA iPhone could add up to $2 per share next year, he estimated. The analyst expects Apple will introduce a CDMA iPhone for Verizon in early 2011 with a version aimed at China by mid-2011.
