Piper Jaffray analyst Gene Munster has raised his estimates for Apple based on continued growth of “other” products such as iPods and software. The target price was raised from US$30 to $32. “We believe AAPL shares can achieve our $32 price target within the next several quarters through continued growth of other products (i.e., iPod , software, etc.), but will need sustained growth in Mac and/or significant product introductions (or material iPod upgrades/changes) to get the stock to the next level,” Munster wrote in a research report released Tuesday. He also speculates a bit on future Apple products in the report. “While we do not have evidence of the existence of these products, we have heard rumors that they may be in development: 30″ monitor, desktops in various colors (likely iMac), and color screen iPod.”