“Holiday gift-giving may augur another banner December quarter for Apple Computer. That’s the word from Piper-Jaffray analyst Gene Munster, who in a Nov. 16 research note said consumers may snap up as many as 15 million iPods in the last three months of the year,” Arik Hesseldahl reports for BusinessWeek.
Hesseldahl reports, “That, along with optimism that Apple is weeks away from releasing a spate of new products, pushed the stock to a record close, $85.61.”
Hesseldahl reports, “Apple CEO Steve Jobs is expected to announce a new round of products at the MacWorld Expo trade show that kicks off on Jan. 9.”
Full article here.
As we said last Thursday (and as Munster himself also warned was possible), the expectation of 15 million iPods is too low. Apple is currently trading up $1.37, or 1.58%, at $87.84 per share.
Apple ‘iPhone’ could hit 15 million units in first year – November 21, 2006
Expert: ‘Apple will be a triple-digit stock in a matter of months’ – November 21, 2006
Apple shares hit new all-time high – November 20, 2006
Analyst estimates Apple will sell 14-15 million iPods in holiday quarter; says estimate could be low – November 16, 2006