Mr. Munster noted that Appleis iPod market share in May was 76%, which was flat with April. However, he said: “The iPod number will likely be a nonevent for the June quarter. More importantly, we believe the Mac number has room for upside. We expect new versions of iPod and positive seasonality will be a catalyst for this segment of the business in the back half of 2006.”
The analyst retained his “Outperform” rating on Appleis stock, with a US$99 price target. At the closing of trading on Wednesday, AAPL shares were selling for $57.61, down 1.23% for the day.