The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Piper Expects 11M iPods This Quarter

Piper Expects 11M iPods This Quarter

by , 9:55 AM EST, December 19th, 2005

Piper Jaffray analysts Gene Munster and Michael Olson have raised their estimate of 9 million iPods shipped for the December quarter to 11 million. Despite high demand, and low inventories at third-party retailers, supplies at Apple's online and retail stores should provide quantities high enough to hit the 11 million mark.

Piper now expects iPod sales growth of 79 percent compared to the same quarter last year, and 124 percent, year over year. The December '05 contribution estimate, however, is being lowered by 45 percent.

Mr. Munster and Mr. Olson raised their estimated earning per share from US$0.50 to $0.52 on earnings of $4.70 billion for the December quarter. Annual earnings for 2006 are now expected to be $1.77 on $17.91 billion, up from $1.75 on $17.62 billion.

Piper has raised its target price for Apple to $80, up from $79.

Apple's stock is currently trading at $71.78, up 0.67 (0.94%).


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated July 3rd

Fri,1:38 AM
Apple Posts San Francisco Pride 2015 Video
Thu,8:51 PM
Mpow 3-Port Intelligent Car Charger: $13.99
8:44 PM
Apple Loses iBooks Antitrust Appeal in Split Decision
5:00 PM
Apple Earns a Black Eye for Apple Music
3:04 PM
Apple’s New Design Bosses Report to Tim Cook, not Jony Ive
2:01 PM
3 Great iPhone Cables for Travel
1:39 PM
TMO Daily Observations 2015-07-02: Coping with iCloud Music Library’s Problems
10:58 AM
iTunes 12.2 and iCloud Music Library: A Disaster for Your Music Collection
8:59 AM
How To Add Nickname, Photo to Apple Music Profile
Wed,9:40 PM
ACM 313: Apple Music First Impressions, Steve Jobs Movie Trailer
5:15 PM
OS X: How to Create Custom Radio Stations in iTunes 12.2
4:00 PM
Apple TV vs. Roku 3: May the Best Little Streaming Box Win
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!