Apple stock climbs despite stock-starved retailers

Posted on 29 Nov 2005 at 11:49

Piper Jaffray analyst Gene Munster has again revised his estimate of the number of iPods that will be sold in the current quarter.

He says that nine million will be shipped, noting that this figure is less than the 10 million plus that some analysts have been predicting. As mentioned before US retailers are not receiving the numbers of iPods that they had ordered, although Munster discovered that there appears to be no shortage at Apple's own stores.

Apple shares peaked again yesterday after Piper Jaffray followed Deutsche Bank by raising its target price. The $71.07 peak represents an increase of more than 50 per cent in the last three months.

Author: Simon Aughton

Get more reviews, tutorials and in-depth advice, every month with Computer Shopper.
Click here to try 3 issues for £1

< Previous News : General Next >

Be the first to comment on this article

You need to Login or Register to comment.