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.
Analyst expects 4 million iPods to be sold this quarter
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.