Deutsche (NYSE:DB) Gets More Bullish on Apple (Nasdaq:AAPL)

Apple (Nasdaq:AAPL) continues to get analyst love, with the latest being Deutsche Bank's (NYSE:DB) analyst Chris Whitmore, who raised his price target, revenue and EPS estimates on the company.

Whitmore says his "checks" at over 50 Apple retail stores during the Christmas holiday, and stores run by partners like AT&T (NYSE:T) revealed crowds clamoring for iPads and iPhones.

As a result, he bumped this iPhone sales estimate up from 15 million to 16 million, also citing what appeared to be a solid supply chain in place to meet the strong demand.

He also boosted his projection of iPhone sales from 50 million to 60 million for 2011, and that's not taking into account any sales coming from Verizon (NYSE:VZ), if they start to sell them during the year.

For the iPad, he sees sales increasing from 6 million to 6.5 million, a conservative estimate in light of what others have put forth. He also raised full-year numbers from 22 million to 28 million.

For the fourth quarter of Apple's fiscal year, Whitmore raised his EPS estimate from $5.20 to $5.60, and for full year 2011 from $18 to $20.

Deutsche raised their price target to $410 on Apple, which closed Tuesday at $331.29, gaining $1.72, or 0.52 percent.