Following Piper Jaffray's decision last week to almost double its estimated share price for Apple stock to $100, USB has raised its target estimate for Apple from $66 to $77.
According to CBS Marketwatch, UBS expects 2005 revenues to increase from $10.9 billion to $11.1 billion.
UBS has also raised its forecast revenues for 2006 from $12.2 billion to $12.6 billion. The analysts surveyed US retailers and found a strong demand for iPods and iMacs. It believes that increased iPod popularity and revenues will sustain revenue growth for at least two more years.