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thelurker

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thelurker

Re: None

Monday, 06/29/2009 11:38:40 AM

Monday, June 29, 2009 11:38:40 AM

Post# of 432707
Apple: June Qtr iPhone Production 7M Units, Analyst Says
Posted by Eric Savitz
Apple (AAPL) iPhone production in the June quarter will be close to 7 million units, according to Collins Stewart analyst Ashok Kumar, well above his previous forecast of 4.6 million. He says current production forecasts for the September quarter call for units to be modestly above 6 million, which would be down high-single-digits on a percentage basis both sequentially and year over year.

Kumar maintains his Buy rating and $170 target on AAPL shares.
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