As reports of strong Q4 iPhone sales keep piling in (I, II), analyst estimates for Apple's...

|About: Apple Inc. (AAPL)|By:, SA News Editor

As reports of strong Q4 iPhone sales keep piling in (I, II), analyst estimates for Apple's (AAPL) continue to move higher (I, II). The latest example comes from Susquehanna's Jeff Fidacaro, who now sees Apple selling 30.3M iPhones in FQ1 (27.3M prev.) and 111.1M in FY12 (104.4M prev.). The iPhone is believed to account over half of Apple's gross profit.