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J.P. Morgan ups Apple estimates, says fears overdone

J.P. Morgan has increased its March quarter and fiscal year estimates for Apple, saying concerns over digital music rivals are overdone. Marketwatch reports: “Its checks show Apple’s March quarter momentum is exceeding typical consumer seasonality; the broker now sees a March quarter EPS of 24 cents on revenue of $3.23 billion, vs. its earlier view of 23 cents on revenue of $3.17 billion.”

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