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Following record iPhone 5 pre-orders, Canaccord Genuity technology analyst Michael Walkley said:
“Given the record pre-orders, we believe Apple [AAPL]could ship 9M to 10M iPhone 5 models by September 29, or the last day of F2012, versus our initial 6M estimate."
He added, "Given our checks combined with Apple’s plans for an aggressive iPhone 5 ramp to 240 carriers in 100 countries by year end, we remain confident in our above-consensus December quarter iPhone estimates."
Mr. Walkley increased his F2012 EPS estimate from $43.25 to $44.32 and his F2013 estimate from $56.90 to $56.96.
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