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Analyst expects "actual" video iPod soon

updated 10:20 am EST, Thu January 19, 2006

\"Actual\" video iPod coming

Needham and Co. analyst Charles Wolf today raised his earnings estimates for Apple, but reiterated a "hold" rating with a $71 target due to Apple's current valuation-- despite higher targets by both Citigroup and Piper Jaffray. Wolf expects new product introductions by Apple to accelerate in 2006 and that the Intel-transition will "materially" increase Mac sales; he also said that the "actual" video iPod will make its debut in the the first half of 2006. Many believed that the first iPod video model, which debuted in November, was a "holdover" to grab attention and marketshare, while the company was feverishly working on an improved version for release at a later date. The analyst also said that Apple will announce new "major content deals" in the coming months as well as try to move into the living room with a revamped Mac mini, although he does not expect the much-rumored "iPhone" to be introduced in 2006.

"We would not be surprised to see the Mac mini assume its rightful place in the living room as a digital entertainment server. Major content deals should accompany these introductions. To date, Microsoft’s Windows Media Center software has failed to establish even a beachhead in the living room because the company insists on imposing an impossibly complex system on consumers. With its DNA wrapped around simplicity, Apple’s represents a far better bet to succeed in its effort."

Wolf raised his fiscal 2006 earnings per share estimate from $1.95 to $2.05 and its 2007 estimate from $2.40 to $2.50. The firm noted that investors can expect a greater seasnonal decline during the March quarter, as iPod- and music-related sales represent a growing fraction of Apple’s total revenues. In the December quarter, music revenue was 59 percent of Apple's total revenues compared to 41 percent in the year-ago quarter.

By MacNN Staff

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Previous Comments

Introducing the ViPod

01/19, 10:55am reply

http://macenstein.com/default/archives/171

Rezzz

Fresh-Faced Recruit

Joined: Jan 2006

0

WTF!!!!!

01/19, 11:26am reply

The real Video iPod!!!! I just bought my "Not Real" Video iPod.

This sucks!!!!!

I guess the samething happened with the shuffle. The mini is the real shuffel.

I am getting confused.

DeepDish

Forum Regular

Joined: May 2001

0

Old rumours?

01/19, 11:39am reply

There are two long standing iPod video rumours:

The first is an almost ordinary iPod that through a 4-pole or greater headphone connector drives a set of iPhones similar to devices recently unveiled at CES! Two issues dogged this, battery longevity powering both iPod and headset and a decent resolution for the virtual (100") image.

The second old chestnut was/is an iPod where the whole front is a touch sensitive screen, that is that click-wheel and display become one, so that the device can have a 4.5" widescreen display without being much bigger than existing iPods. Power again, remains an issue, when driving a larger colour (and backlit) display.

Both of the above circulated on MacSlash up to two years ago. Time will tell!

Feathers

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Joined: Oct 1999

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Target of $71?

01/20, 02:37am reply

How can a stock have a "hold" rating with a target of $71 when the current price is $79-80?

kw99

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