“Piper Jaffray maintained an ‘outperform’ rating and $52 target price on Apple Computer, saying it expects the fiscal third quarter to be up slightly from the second quarter… ‘Apple’s business appears to be solid in what is typically a seasonally slower period,’ Piper Jaffray said,” Forbes reports.
“The research firm raised the fiscal 2005 and 2006 earnings-per-share estimates on Apple to $1.32 and $1.48, respectively, from $1.27 and $1.38, citing indications of a strong launch for OS X Tiger,” Forbes reports. Piper Jaffray expects to see in-line performance from iPods for the quarter, with strength driven by sales of Macintosh computers. ‘We are modeling for overall iPod unit shipments of 5.5 million in the June quarter,’ up from 5.3 million in the fiscal second quarter, the research firm said.”
Full article here.
Related MacDailyNews articles:
iRiver spokeman: iPod’s 92 percent market share due to competitors’ neglect of niche – May 26, 2005