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Mark Hulbert: Expect even more good news about Apple

CHAPEL HILL, N.C. — Estimates of Apple’s earnings are likely to be revised upward many more times in coming weeks.

That’s really saying something, since already in this brand-new month no fewer than 22 Wall Street analysts have increased their earnings estimates.

But researchers have long noted that analysts tend to be slow to react to new information, such as that contained in Apple’s AAPL, +0.43%last earnings report, which was released after the close on Jan. 31. That means it’s a relatively safe bet that more upward revisions will be forthcoming, boosting Apple’s share price.

I’ve devoted a number of columns in recent years to highlighting this tendency among Apple’s analysts, and in large part they have behaved as expected.

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