Firm expects strong September, December quarters

Investment firm PiperJaffray expects a "very strong" December quarter for Apple, in both Mac and iPod segments. Analyst Gene Munster also expects strong earnings results from the September quarter, slightly ahead of Street consensus. The firm is modeling for nano shipments of 858,000 in September and 5,000,000 in December. "Our 20GB/60GB iPod estimates remain unchanged. For the shuffle, we are lowering our estimates by 10% going forward assuming some cannibalization from nano." PiperJaffray said it expects to see a video iPod or a smaller form factor standard iPod. "We believe that it is most likely that Apple will launch either a video iPod or a smaller form factor high capacity (>10GB) iPod at next Wednesday's [One More Thing] event. If a video iPod is introduced, we would expect new iTunes video content would also be incorporate d in the announcement."

Filed under: iPod