Needham & Company increased its revenue and earnings per share estimates for Apple on Tuesday, with new figures that reflect higher estimated shipments of 30 million iPads and 17 million Macs in 2011.



From Apple Insider:

Analyst Charlie Wolf's new estimates take into account higher-than-expected demand for the iPad 2 since it launched in March. In the third quarter of fiscal 2011, Wolf originally projected Apple would sell 7.5 million iPads; now he sees that number hitting 9 million.

"While competitors have rushed to launch competing tablets, they have made an imperceptible dent in the trajectory of iPad sales," Wolf wrote in a note to investors. "They have been unable to undercut the price of the iPad; and they're fallen woefully short in matching its features, ease-of-use and the number of applications written for the device.

  Needham sees Apple shipping 30M iPads, 17M Macs in 2011