Apple shares have "upside potential" according to a top
Goldman Sachs analyst.

Analyst Jo Moor believes Apple shares should increase in value due to a combination of "strong product line, depressed investor expectations and an attractive valuation".

He also says that Apple will describe its future outlook as comfortable at tomorrow's third-quarter financial announcement. He added that he saw Apple "as a significant out-performer in the short term".

Apple defied analysts predictions on April 18, announcing a $40 million profit for its second quarter.