Analyst expects 5M iPod shuffles, 900K Mac minis in 2005

Banc of America Securities analyst Keith Bachman maintains his “buy” rating on Apple, while raising his estimates for the company from US$85 to $97. In a research note published today, Bachman mentions that the 2005 sales estimate for the company’s iPod shuffle product has been raised from 4.4 million to 5 million units. The analyst said the demand for Apple’s Mac mini “continues to be robust” and the sales estimate for the machine has been raised from 305,000 to 900,000 units. Read More