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
|Aug 2015||Wells Fargo||Upgrades||Market Perform||Outperform|
|Aug 2015||Bank of America||Downgrades||Buy||Neutral|
|Jul 2015||Nomura||Initiates Coverage on||Buy|
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