Credit Suisse Reiterates Outperform Rating On Apple

According to Credit Suisse, Apple (NASDAQ: AAPL) Outperform rating is reiterated.

Credit Suisse said that it believes that through the new iCloud service and its iOS/Mac OS refresh, Apple will be able to continue to differentiate and innovate versus competition. “We believe this will allow for continued share gains across all key product lines (iPhone, iPad and Mac) while maintaining premium pricing, which will drive momentum for continued growth within its core segments. As such, we maintain our EPS estimates of $25.70/$33.16 for FY11/FY12, which are 4%/15% above consensus respectively.”

Apple closed yesterday at $338.05.