Analyst expects 4 million iPods to be sold this quarter | iLounge News

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Analyst expects 4 million iPods to be sold this quarter

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By LC Angell

Contributing Editor
Published: Monday, November 22, 2004
News Categories: Apple

In addition to raising his price target on Apple stock to $65 from $53, Fulcrum Global Partners analyst Robert Cihra increased his estimates on iPod sales in Apple’s current quarter to 4 million from 2.9 million. Cihra also said that the iPod would account for 33 percent of the quarter’s revenue, up from 13 percent a year ago. Earlier today, Piper Jaffray raised its price target on Apple to $100 from $52, citing a definite “halo effect” among iPod owners.

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Posted by schaaking in Minneapolis on November 24, 2004 at 5:14 AM (PDT)

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