Analyst: Apple looking good

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Apple is on track to ship between 8.8 and 9.1 million iPods in the current quarter, according to one analyst.

Piper Jaffray's Gene Munster said that January and February data indicated Apple would continue to build on its performance in the previous quarter. He stuck with his 'outperform' rating for Apple Computer.

Shares in Apple slipped slightly recently based on suggestions from suppliers that sales had taken a downward turn.

However, the analyst believed alternative data offered a more positive picture, particularly as new iPod models would continue to drive demand throughout the year.

Earlier in the week American Technology Research Analyst, Duncan Wu, increased his quarter sales estimate from 7.7 million to 8.8 million iPod units.

Extra demand was being generated by the cheaper iPod shuffle and the new 1GB iPod nano.

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