- Piper Jaffray is out on Apple (NASDAQ:AAPL) saying they have looked at the historical impact of new iPods in a launch qtr. Firm tells investors to keep in mind the September quarter only benefits from two full weeks of new iPods. They believe the December quarter is the key, and will show meaningful upside to Street iPod numbers.
The Street is looking for 10.6m units vs. PJ analysis which points to 10.4m and their published estimate of 10.2m. There could be upside to Street iPod numbers in Sept., but history suggests not to expect much upside.
The Street is looking for 10.6m units vs. PJ analysis which points to 10.4m and their published estimate of 10.2m. There could be upside to Street iPod numbers in Sept., but history suggests not to expect much upside.
On September 5, Apple announced an entire line of new and updated iPods. Piper believes these new iPods put the product lineup in its best position ever for the holiday season (Dec. quarter).
Maintains Outperform and $211 tgt on AAPL.
Notablecalls: Will this call be enough to push AAPL stock to a nw 52wk high? Sure, why not. After all, Piper's the axe in AAPL.
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