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Analyst: 65 million Phones to be sold this year

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BMO Capital analyst Keith Bachman raised his estimate of iPhone sales based on the smartphone market outlook offered this morning by his colleague, Tim Long, reports “Barron’s” (http://macte.ch/duEma).

Bachman sees 14.9 million iPhones being sold, up from a prior 14.6 million estimate, with gains at Verizon offset by churn at AT&T. For the fiscal year ending in September, Bachman sees 65 million iPhones being sold versus a prior view of 62 million. Bachman sees the higher number boosting revenue for Apple this year to US$97.1 billion, higher than he expected by $1.8 billion. He also raised his EPS [earnings per share] estimate to $22.30 from $21.60.

For fiscal 2012, Bachman now sees Apple selling 84.3 million iPhones, up from 79.1 million previously. He raised his revenue estimate $113.9 billion, up from $111 billion. His EPS estimate goes to $26.05 from $25.20.

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