Apple on track to sell 10.5 to 11 million iPods in June quarter
While warning investors that it's still 'too early to make a definitive call' on June quarter iPod units, investment bank Piper Jaffray has analyzed the first 2 months of NPD data for the quarter -- April and May -- and found that it suggests Apple will sell between 10.5 million and 11 million units.
"Seasonality suggests a 6 percent sequential decline, or approximately 10 million iPods; the midpoint of the 10.5 million to 11 million range suggests a 1 percent quarter-to-quarter increase, and 9.5 percent year-over-year increase," analyst Gene Munster wrote in a brief report.*"We see this as a positive data point, given recent uncertainty surrounding the iPod as a long-term growth story.
Munster added that June is the first full quarter after the iPod shuffle price cut from February 19th, which should have a positive impact on units.
"Seasonality suggests a 6 percent sequential decline, or approximately 10 million iPods; the midpoint of the 10.5 million to 11 million range suggests a 1 percent quarter-to-quarter increase, and 9.5 percent year-over-year increase," analyst Gene Munster wrote in a brief report.*"We see this as a positive data point, given recent uncertainty surrounding the iPod as a long-term growth story.
Munster added that June is the first full quarter after the iPod shuffle price cut from February 19th, which should have a positive impact on units.