Piper Jaffray's Munster Says NPD Data Suggests iPod Shipments Will Be Down ~20% for Apple's Sept. Quarter
Piper Jaffray's Gene Munster issued a research note on Apple (NASDAQ: AAPL) Monday. The analyst offered some NPD data for the month of July and the implications on Apple.
Munster and team analyzed recent NPD retail data for within the US:
- Mac shipments unch YoY, and
- iPod shipments down 41% YoY.
The Piper Jaffray analyst is anticipating iPod units will be down about 20 percent year over year for Apple's September quarter.
Gene Munster maintains an Overweight rating and $655 price target on shares of Apple.
The stock is up about 1.2 percent to $508.30 at last check.
Latest Ratings for AAPL
|Oct 2016||Goldman Sachs||Maintains||Buy|
|Oct 2016||Credit Suisse||Maintains||Outperform|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.