Merrill Lynch raises Apple target; says ‘look out for flash iPod, possible entertainment server’

“Merrill Lynch raised its target price and fiscal year 2005 and 2006 estimates for Apple Computer, saying it expected the company to sell 4 million iPods in the December quarter, up from 3.5 million and 12.9 million for fiscal 2005 up from 10.7 million. The broker upped its target share price to $78 from $61 and raised its fiscal year 2005 earnings per share estimate to $1.45 from $1.38,” Madeleine Acey reports for CBS MarketWatch.

Merrill now expects $1.80 earnings per share for 2006, up from $1.71.

In addition, Merrill told investors to look out for a flash memory-based iPod from Apple in the first quarter and other possible exciting products such as an entertainment server.

Full article here.

Related MacDailyNews articles:
Apple jumps 5 percent to $68 before bell; Bank of America pegs iPod sales at 4.1 million for quarter – November 29, 2004
UBS raises estimates, target price for Apple Computer; says iPod, iMac selling ‘very well’ – November 29, 2004


  1. Hopefully, come January, Apple will release the rumored ‘flash-based mp3 player that doesn’t suck’ and really take the wind out of Creative’s sails.

    Apple would dominate the hard drive *and* flash-based player markets. Yeah, baby.

  2. Entertainment server, while unexpected, does make sense. Steve always said the PC-in-the-living room was a bad idea. People want components, not PCs (particularly ones running Windows), controlling their entertainment experience. But, that doesn’t mean there isn’t room for a computer company in the living room.

    A sort of set-top box with Apple’s logo on it? I’m there.

  3. Sorry, that’s the Motorola DCT-6200

    ( I must have confused it with my Bluetooth dongle ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

  4. Tilted Sideways:
    “…the new Motorola BT5200 (…) the Motorola DCT-6200”

    Man you gotta *love* those names that sound like ass. Are the same factory robots that assemble their products coming up with the product names?

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