Tuesday, March 02, 2004

Apple's iPod Could Transform Company

Dow Jones: "Apple Computer Inc. may have morphed into a niche computer player, catering largely to the creative community, but its iPod digital music player, loved by many, could be the 'killer ap' that pushes it out to the wider masses. At least that is what Merrill Lynch analyst Steven Milunovich predicts. In a research report Monday, he said the success of the iPod demonstrates Apple's 'tech know-how and strong brand' and could make the company 'relevant again.' And the iPod isn't expected to be small business for Apple. Milunovich estimates iPod's revenue to come in around $1 billion this year, contributing 15 cents to per-share earnings. By fiscal year 2006, the analyst said revenue for the iPod could double to $2 billion, adding 25 cents to the EPS."

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Tuesday, March 02, 2004

Apple's iPod Could Transform Company

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