Needham & Company Raises Estimates on Apple (AAPL) as The iPhone Takes Center Stage

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Needham & Company maintains a 'Buy' on Apple (NASDAQ: AAPL), PT $450.
Needham analyst says, "Apple reported a blowout third quarter with earnings of $7.78, $2 higher than consensus, on revenues of $28.6 billion. We’re raising our estimates yet again...We’re raising our fiscal 2011 estimate from $25 to $27 and our 2012 estimate from $30 to $31."

For more ratings news on Apple click here and for the rating history of Apple click here.

Shares of Apple closed at $376.85 yesterday, with a 52 week range of $235.56-$378.65.

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