Bank Of America Raises Revenue On Apple

According to Bank of America, Apple AAPL revenue is raised. Bank of America said that it is raising its revenue and already above consensus EPS estimates on better-than-expected iPhone and iPad sales. “Continued strength in iPhone and iPad demand, favorable component pricing, and improving availability of iPad 2 bode well for C2H11. Our conservative gross margin forecast remains well above Street. Strong F3Q11 results and company-specific tailwinds, coupled with attractive valuation should continue to drive the stock higher.” Apple closed yesterday at $357.77.