Wall Street analysts are ready for a barn-burner next week for shares of Apple.
According to no shortage of published reports over the last ten days, a veritable army of formerly bearish analysts and market watchers appear to be suddenly encouraging investors to buy AAPL.
Just last Thursday, Charlie Wolf with Needham & Company increased his June iPad shipment forecast by almost double to 20 million units.
Today, Piper Jaffray titan Gene Munster joined the revisionary party.
“We believe investors should own AAPL going into the June quarter earnings as we expect the company to report iPhone units better than low expectations of the buy side,” Munster said Monday.
So what’s behind the last minute revisions? Sustained interest among consumers in Apple products and sustained weakness of Apple competitors have both been greater than expected.
Apple will report Q3 earnings on Tuesday, July 24, at 2 p.m. PST, 5 p.m. EST. Mobile Marketing Watch will bring you coverage of the call once it gets underway.
