According to Piper Jaffray analyst Gene Munster, Apple has once again attained an 'outperform' stock rating and as a result, gaining a target price of $99 for company stock. With that, the report continues to state that the iPod is still gaining market share, continuing to hold Amazon's top ten electronics products.
In addition, Munster predicts that Apple will have shipped a total of 85 million iPods by the end of 2006. So far, since its introduction in October of 2001, Apple has shipped over 50 million.
"We do not believe the iPod is the only growth avenue for the company. Indirectly, we expect the iPod to continue to be a foundation for growth in other parts of Apple's business," Munster explains.
News source: Macworld UK
