analyst Gene Munster on Wednesday. He wrote: “While the Street consensus iPod
unit number is 8.3m, we believe that the Street is expecting the
number of iPods to be closer to 7.8m.”
“We believe Street expectations for June quarter iPod units has
become more and more conservative throughout the quarter and iPod
units of 8.0m would likely be viewed as a slight positive,” the analyst added.
Mr. Munster retained his “Outperform” rating on Appleis stock, with a US$99 price target. At 1:16 PM EST on Wednesday, the companyis shares were selling for $54.54, up $1.64, or 3.1%, for the day. Apple will announce its earnings for the previous financial quarter at 5:00 PM EST (2:00 PM PST) on Wednesday, after the markets close. Analystsi consensus estimates call for EPS of $0.44 on $4.4 billion in revenue for last quarter.
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