Merrill Lynch ups iPod sales estimates

Merrill Lynch analyst Steven Milunovich has raised his iPod sales estimates for Apple’s December quarter from 3 million units to 3.5 million units based on stronger international sales and increased supply of drives. “December could be particularly strong as the new iPod Photo is getting glowing reviews, and the competition still lags in ease of use,” Milunovich said in a research note obtained by iLounge. “Hitachi’s HDD division (HGST) should increase its 1-inch production by 50 percent in October. HGST is Apple’s main supplier for the iPod Mini. Toshiba, the major suppler for the white iPod, saw its 1.8-inch drive production almost double in September. Also, scrollwheel supplier Synaptics has a bullish outlook.”

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