Analyst: iPod biz to still grow at 'moderate levels'
Munster says that new products like a sub-$200 wireless touchscreen model will allow the company to grow the segment at moderate levels for the foreseeable future.
"While we do not see the iPod business as a significant growth catalyst, we believe Apple remains positioned to slightly exceed Street estimates in 2008. Specifically, we believe the Street expects iPod unit growth to be about 53 million in 2008, essentially flat year-over-year. We disagree," he told clients. "We believe Apple can maintain iPod unit growth and slightly exceed Street expectations for the full year."
While Munster admits that the iPod will probably not return to a high growth business of 20 percent and above, he sees growth levels of approximately 10 percent as obtainable on a yearly basis even given the possibility of an off quarter where units will reflect slightly negative growth. Read more [url=http://www.appleinsider.com/articles/08/04/02/report_sub_200_wifi_touchscreen_ipods_from_apple_by_holidays.html]here[/url].
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