In addition to raising first-quarter estimates on Apple to earnings of 49 cents a share on $3.49 billion in revenue, J.P. Morgan analyst Bill Shope today increased his iPod shipment forecast to 4.5 million units from 4.06 million. Shope estimates shipments of 1.6 million iPod minis for the quarter. “We expect Apple to unveil a low-cost, flash-based iPod, which could dramatically expand the company’s available market opportunity,” Shope said in a research note to clients. “The potential launch of a new, low-cost iMac could represent a significant positive catalyst as well.”
J.P. Morgan analyst raises iPod forecast
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.