Prudential said that it expects that additional new products not included in their estimates will garner even more positive press and generate greater sales. These products include a flash-based iPod, and what they call a "headless iMac."
Prudential raised the first-quarter estimate to earnings of 53 cents per share on revenue of $3.25 billion, from earnings of 50 cents per share on revenue of $3.03 billion. The firm expects fiscal 2005 earnings of $1.65 per share on revenue of $11.8 billion, and fiscal 2006 earnings of $2.20 per share on revenue of $14.2 billion.
The firm raised the first-quarter estimated iPod shipments to 4.25 million units from 3.35 million units. It sees shipments of 15.0 million iPod units and 22.5 million units in fiscal 2005 and 2006, respectively.
