News Headline Summary

For Apple (AAPL), Apple Insider writes "50M iPhone sales, 'booming' iPad mini expected in Apple's holiday quarter"

Upside to market consensus on Apple is expected from one Wall Street analyst, who sees a big holiday quarter for both the iPhone 5 and iPad mini.

Rob Cihra of Evercore Partners updated his projections for Apple's December quarter on Thursday in anticipation of the company's quarterly earnings report, scheduled for Jan. 23. Cihra expects Apple to report sales of 50 million iPhones, a 35 percent year over year increase and 86 percent growth from the previous quarter.

Link: http://appleinsider.com/articles/13/01/03/50m-iphone-sales-booming-ipad-mini-expected-in-apples-holiday-quarter

Reaction details:

- Apple trade down 0.42% in pre-market trade heading into the Wall St. open.

Print 14:05, 03 Jan 2013 - US Equities - Source: Appleinsider.com