Booming sales for the iPhone and iPad over the holiday period are expected to help Apple Inc. report strong double-digit earnings growth for the December quarter next week. Citi is raising 1FQ11 estimates for Apple (NASDAQ: AAPL) to reflect better-than-expected iPhone and Mac sales. Thanks to iPhone sales of 18M units and Mac sales of 4.1M units, it now expects Apple to report revenue of 25.5B and diluted EPS of $5.75. Wall Street, on average,...more
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