Apple’s stock will benefit this year from new iPods, Intel-based Macs and the possibility of an Apple-branded cell phone, investment firm Piper Jaffray told clients this week. “We would be buyers of AAPL on the recent pullback given we believe iPod demand will accelerate in mid-CY06, based on upcoming positive seasonality and new form factor iPod’s,” Piper Jaffray analyst Gene Munster wrote in a research note sent to iLounge. “Additionally, we believe Apple will benefit from the new Intel-based Mac’s, along with what we estimate to be a 75% chance of a iPhone in the next 12 months.”
Analyst: 75% chance of iPhone in next 12 months
By LC Angell
LC Angell was a senior editor at iLounge. Angell is known for her work on various aspects of the Apple ecosystem, including iPhone, iPad, and iPod. In his role at iLounge, Angell was responsible for a wide range of editorial content, including reviews, buyer's guides, news, and features.