Based on the survey results, the iPod is the preferred portable media player among teens. 78 percent of high school students own a portable media player, and of those 82 percent are iPods. Sony comes in second at about 4 percent.
“We believe that the teen demographic is a critical component of long-term growth in both markets,” Mr. Munster said. “And Apple is clearly leading the category.”
Although the iTunes Store is still clearly the market leader for legal music downloads, the study showed that the number of teenagers using the service is down slightly. Of the students that legally download music, 89 percent are using the iTunes Store, compared to last fall when 91 percent were using Appleis online music store.
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The iPhone, Appleis combination iPod and smart phone, also ranked well with teens. 84 percent of the teens surveyed where aware of the iPhone, and 25 percent said they would pay US$500 for one.
“Appleis dominance in the portable media and online music markets is going largely unchecked,” he commented.
Mr. Munster is maintaining his “Outperform” rating and $124 target price for Apple stock. Apple is currently trading in the pre-market at $93.60. down 0.05 (0.05%).
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