Deutsche Bank has initiated coverage of Apple with a “buy” rating and US$60 price target, reports Forbes. “Due its strong product portfolio, market-share leadership, and the stickiness of iTunes, we believe Apple will continue to dominate this product category,” the bank said, forecasting 31 million iPod units in calendar 2005 and 43 million units in calendar 2006, notes the report. “The firm also believes Apple will continue to drive share gains in the PC market due to the combination of a renewed enthusiasm for Apple’s brand, cutting-edge computer designs, and the superior user experience of Apple’s OS.”