“In a research note released to clients on Wednesday, Piper Jaffray & Co. Senior Research Analyst Gene Munster said that iTunes sales have already exceeded estimates for Apple’s March quarter at 85 million tracks, with nearly a full month left in the quarter,’ AppleInsider reports.
Munster “says that iTunes sales could account for $83.2 million in revenue in the March quarter–or about $35 million more than his firm has been estimating. The analyst said his research indicates that iTunes could ‘begin to have a notable impact’ over the next two calendar years [and] believes that iTunes may add an additional 3% to his firms revenue estimates for 2006. He further noted that the average iTunes daily run rate (sales) during the quarter has been 1.35 million, primarily in-line with the 1.43 million daily run rate in the weeks following the holidays,” AppleInsider reports.
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