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 February 1st

Sat,5:13 PM
Higher Res Video of China Apple Store Artists with English Subtitles
10:30 AM
iPhoneography 101: 2 iPhone Remotes You Gotta Have
Fri,5:40 PM
The Unofficial Apple Weblog Will Shut Down February 3rd
5:18 PM
Peri Duo Case for iPhone Marries Speaker, Battery, and Wi-Fi Audio
4:50 PM
Repatriation Tax Bill Holds Promise, but Faces Uphill Battle
4:32 PM
Microsoft Brings Outlook to iPhone and iPad
2:51 PM
Enter to Win a Pair of Wireless Beats Studio Headphones
1:09 PM
TMO Daily Observations 2015-01-30: Samsung’s Smartphone Numbers, Congress Wants More Corporate Cash
11:09 AM
FiftyThree’s Pencil Stylus for iPad goes Gold
9:48 AM
How to Enable the iTunes Notification Center Widget in OS X Yosemite
9:05 AM
iTunes gets OS X Yosemite Notification Widget
Thu,6:59 PM
Apple Tied Samsung for Global Smartphone Units in Q4
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!