Apple analysts place their Q3 bets before windows close
Wall Street analysts on Monday made last-minute tweaks to their Apple (AAPL) financial models ahead of the company’s fiscal third-quarter report, due after the market close Tuesday. The most important question for Apple’s results is how iPhone sales did in Q3, since smartphones represent the lion’s share of the company’s revenue and profit. S&P Capital IQ analyst Angelo Zino on Monday reiterated his hold rating on Apple stock with a price target of 150. Zino is ahead of consensus estimates on sales and EPS for Apple in the June quarter and raised his forecast for the September quarter. Apple stock was up more than 2%, near 133, in afternoon trading on the stock market today. “IPhones, which recently represented 69% of Apple’s revenue, should continue to benefit from easy comparables since moving to larger-screen iPhones (iPhone 6 at 4.7 inches and iPhone 6 Plus at 5.5 inches),…