Merrill Lynch analyst raises Apple forecast
Merrill Lynch’s Michael Hillmeyer has raised his forecast on Apple after “surprisingly strong” third quarter results from the company. “After seeing the quarterly numbers, Hillmeyer now looks for Jobs & Co. to bring in US$6.75 billion in sales in fiscal 2004, vs. a projected $6.14 billion in the year that ends this September — and up 10% from his previous forecast,” reports BusinessWeek.
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