Piper Jaffray: NPD iPod Data Shows Apple Tracking Above Estimate

| Apple Stock Watch

Piper Jaffray analyst Gene Munster on Friday issued a new research report in which he said that NPD shipment data for iPods shows Apple potentially selling 9.3 million of them this quarter, versus the 9 million units he has projected. On Tuesday, Mr. Munster issued a report in which he said that only 20% of resellers have seen a slowdown in Mac sales as Apple continues its transition to Intel processors.

That report also showed that most resellers were seeing a slight drop in iPod sales compared to last quarter, as opposed to a significant decline. While Mr. Munster is unable to provide specific NPD shipment data due to contractual issues, he was able to show in his report that extrapolating January NPD sales numbers brings him to the 9.3 million units that Apple is projected to sell this quarter.

Mr. Munster kept his "Outperform" rating on Appleis stock, with a US$103 price target. At 12:49 PM EST on Friday, Apple shares were selling for $72.42, up 0.93% for the day. Shares have been on the rise in recent days, after falling below the $70 mark last week. Positive analyst comments, along with high hopes ahead of Appleis Feb. 28 product roll-out, seem to be fueling the rally.

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