September quarter iPod sales tracking around 10 - 11 million
After examining iPod unit data from the month of July, researchers at Piper Jaffray say Apple is on track to sell 10 - 11 million iPods in total during the three-month period ending September 29th.
The analyst said his approximation is based on various assumptions and is an extrapolation of one month of data.
"When the second month of data is released, our analysis will likely lead to a slightly different iPod unit figure than what our analysis suggests based on the first month of data," he added, "so we believe investors should supplement this data point with other information."
Munster's approximation, which was issued early Wednesday, also does not factor in assumed demand for the new line of iPods that were announced several hours later. Shipments of those models could boost quarterly totals significantly, as Apple has three full weeks left in the September quarter to fill its distribution channels with the updated players.
Street consensus estimates for Apple's September quarter iPod shipments are presently at 10.6 million compared to Munster's model of 10.2 million.
Piper Jaffray maintains an Outperform rating on shares of Apple with 12-month price target of $211 per share.
24 Comments
I don't see the stock reacting appreciably to this news, especially since the market for Apple-range music players may be reaching a peak. I'd bet most of the growth will continue to happen on the low end, plus Wall Street ain't gonna like the $100 million screw-up due to Steve trying to keep iPhone sales on track. If Steve doesn't meet the numbers... then what happens? They fire him? Don't think so.
I don't see the stock reacting appreciably to this news, especially since the market for Apple-range music players may be reaching a peak. I'd bet most of the growth will continue to happen on the low end, plus Wall Street ain't gonna like the $100 million screw-up due to Steve trying to keep iPhone sales on track. If Steve doesn't meet the numbers... then what happens? They fire him? Don't think so.
I agree with that the iPod may be near a peak
Im just glad to see semi good news....With the iPod not having a refresh in about a year..... Plus the unknown if iPhone sales ate into iPod sales........ Good to see despite that - that they still sold 10ish Million iPods
I don't see the stock reacting appreciably to this news, especially since the market for Apple-range music players may be reaching a peak. I'd bet most of the growth will continue to happen on the low end, plus Wall Street ain't gonna like the $100 million screw-up due to Steve trying to keep iPhone sales on track. If Steve doesn't meet the numbers... then what happens? They fire him? Don't think so.
The market is always fickle. AAPL is going up and down like a yo-yo lately because of short term investors. It was 145 last week, now it's 132, but further back it was 145 and went down to 118. If I were a trader and not holding for the long term, I could be doing well for short term selling and buying following the trends of the past.
Overall, it is the long term and the bottom line at the end of the fiscal year that counts. AAPL income has been on a steady rise for the last 3 years along with the stock. So, that analysts quote for the stock to reach over 200 is very possible. Keep the faith investors and hold!
Personally, I am doing my share to add to the figure.
Two iPods ordered this week!