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Analyst expects Apple to sell 2.68 million iPods in Q1

Steven Milunovich, an analyst at Meriill Lynch, said yesterday that Apple is on track to sell 2.68 million iPods in the December quarter–nearly four times high than year-earlier total. “Demand for the music players, which let users download, store and play thousands of songs, made Apple the second-best performing stock in the Standard & Poor’s 500 Index this year,” reports Bloomberg. “Apple said last month that sales will rise to as much as $2.9 billion in the period that ends Christmas Day, as gift buying fuels a ‘marked increase’ in iPod shipments and customers snap up a new version of the iMac computer released in September. Fiscal first-quarter profit will be 39 cents to 42 cents a share, exceeding analysts’ estimates.”

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