Bernstein's Sacconaghi Previews Apple (AAPL) Q2; Raises Est, PT and Sees Large Capital Return Plan

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Go back to Bernstein's Sacconaghi Previews Apple (AAPL) Q2; Raises Est, PT and Sees Large Capital Return Plan

Apple (AAPL) Gains as Analyst Sees iPhone Units About 5M Above the Street

April 23, 2015 12:12 PM EDT

Apple (NASDAQ: AAPL) is solidly higher Thursday (+0.7%) ahead of Friday's official Apple Watch launch (04/24), earnings next week (04/27) and amid bullish comments from Stifel analyst Aaron Rakers.

In a note to clients today, Rakers raised his iPhone estimates ahead of the companys upcoming earnings release. The firm is now estimating 59.6M iPhones in F2Q15, up from the prior 53.6M estimate (street: 54.9M).

The... More