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Analyst: iPod growth to continue at 30% year-over-year
Despite recent talk of market saturation, Piper Jaffray analyst Gene Munster believes that Apple’s iPod growth will continue at around 30% year-over-year. “Since the iPod was introduced in Oct. 2001 it has been the primary driver of the company’s growth engine,” Munster said in a report today. “We are modeling for the year-over-year growth to stabilize at around 20%, but believe 30% growth is achievable and will provide upside to our estimates… Apple has sold 68 million iPods in the past five years (of which 39 million were sold in the last year), and we believe a significant addressable market remains. Although we consider it an overestimation, if we use the mobile phone market as a proxy for the iPod’s addressable market, then the iPod’s market penetration is about 27.5%.”
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1
A lot of people said this in another “analyst statement,” but I’m going to say it again. I’m really f-ing sick of these analyst statements. Guess what. I analyzed my belly button this morning; now I’m an analyst, and that was my statement. I know you guys have to put news items to keep the website fresh, but please, can you start culling out the analyst statements?
Posted by alex on October 24, 2006 at 3:34 PM (PDT)
2
I understand why everyone doesn’t like reading the analyst articles but why are so many people getting upset???
If the news article starts with “Analyst:” SKIP IT!
Just don’t read it and you’ll have nothing to be f-ing sick about.
Posted by 3rdEye on October 24, 2006 at 11:14 PM (PDT)