Research firm Piper Jaffray today stated that “guidance for the September quarter will be the critical component of [Apple’s fiscal third-quarter earnings] report. Optimism from Apple specialist resellers and Apple retail stores related to a strong seasonal benefit from back-to-school leads us to believe September quarter guidance will be slightly above consensus of 33 cents on $3.58 billion,'” Forbes reports.
“The research firm maintained a price target of $52 on Apple shares, noting that iPod sales while seen as critical for the company, is not the only avenue of growth. ‘Indirectly, we expect iPod to continue to be a foundation for growth in other parts of Apple’s business, and we expect that by the end of calendar 2005 more than 35 million iPods will have shipped, providing Apple with a greater scope of awareness for various products,’ it said. ‘It appears that this phenomenon has begun to take effect, with 1.07 million Macs shipped in the March quarter and indications of strong Mac sales for the June quarter from both the channel and NPD data,'” Forbes reports.
Apple reports fiscal third-quarter earnings on July 13.
Full article here.
MacDailyNews Take: What’s that add up to, about 35 million non-Napster, non-Real Rhapsody, non-WMA online music store customers by the end of 2005?
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