Merrill Lynch: Apple to sell 2.68 million iPods in Q1 | iLounge News

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Merrill Lynch: Apple to sell 2.68 million iPods in Q1

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By LC Angell

Contributing Editor
Published: Wednesday, November 3, 2004
News Categories: iPod

Merrill Lynch analyst Steven Milunovich is expecting Apple to sell 2.68 million iPods in the December quarter—nearly four times higher than a year ago. “Demand for the music players, which let users download, store and play thousands of songs, made Apple the second-best performing stock in the Standard & Poor’s 500 Index this year… Apple, based in Cupertino, Calif., said last month that sales will rise to as much as $2.9 billion in the period that ends Christmas Day, as gift buying fuels a ‘marked increase’ in iPod shipments and customers snap up a new version of the iMac computer released in September.”

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