previously. The key drivers of our estimate changes are better than expected unit
MarkMoskowitz AC
sales activity of the iPhone and iPad. The purpose of our report ... this report as only a single
factor in making their investment decision.
www.morganmarkets.com
EFTA01176430
MarkMoskowitz North America Equity Research
(1-415)315-6704 03 April 2012
mark.a.moskowitz@jprnorgan.com
J.P.Morgan
• Longer ... iPad. We further
discuss this topic and more in this report.
2
EFTA01176431
MarkMoskowitz
(1-415) 315-6704
North America Equity Research
03 April 2012
J.P.Morgan
mark.a.moskowilz@jprnorgan.com
Investment Thesis