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Eugene Munster, Piper Jaffray

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For all its tools, iPad needs to connect with consumers (delawareonline - Business) - Feb 06, 2010

"There's a market here as borne out by the Kindle and netbooks" Indeed, Piper Jaffray analyst Gene Munster expects Apple to ship anywhere from three million to four million iPads in 2010, providing a threat to Amazon's Kindle in 2011 Susquehanna Financial Group analyst Marianne Wolk estimates that Amazon has sold 23 million Kindles to date and will ship another four million in 2010 
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Share:  Indeed, Piper Jaffray analyst <span class="analyst">Gene Munster</span> expects Apple to ship anywhere from three million to four million iPads in 2010, providing a threat to <span class="company">Amazon</span>'s Kindle in 2011 Tweet this 

Indeed, Piper Jaffray analyst Gene Munster expects Apple to ship anywhere from three million to four million iPads in 2010, providing a threat to Amazon's Kindle in 2011 
Recent Research on Apple Inc (AAPL)
Q4 2009 Apple Inc. Earnings Conference Call (Thomson Street Events)- Oct 19, 2009
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Share:  Indeed, Piper Jaffray analyst <span class="analyst">Gene Munster</span> expects <span class="company">Apple</span> to ship anywhere from three million to four million iPads in 2010, providing a threat to Amazon's Kindle in 2011 Tweet this 

Loopt Is Developing IPad Program, Assumes Gadget Is Home Device (BusinessWeek.com - Technology) - Feb 05, 2010

Apple may sell 3 million to 4 million iPads in its first year, Minneapolis based Piper Jaffray Co analyst Gene Munster said last month 
Share:  <span class="company">Apple</span> may sell 3 million to 4 million iPads in its first year, Minneapolis based Piper Jaffray Co analyst <span class="analyst">Gene Munster</span> said last month Tweet this 

Analysts on the iPad: It's a Winner (ReadWriteWeb (blog)) - Feb 05, 2010

Gene Munster, Piper Jaffray: "Originally we were estimating sales of 2m units in the first calendar year at a price point of $600 $800 With the actual $499/$629 price point, we believe Apple will sell 3m 4m units in the first 12 monthsfter using the iPad, we believe it will cannibalize iPod touch sales, but not Mac sales The gadget is a premium mobile device, not a computer; as such, we see some iPod touch buyers stepping up to the iPad, but consumers looking for an affordable portable computer will likely stick with the MacBook lineup" 
Share:  <span class="analyst">Gene Munster</span>, Piper Jaffray: "Originally we were estimating sales of 2m units in the first calendar year at a price point of $600 $800 Tweet this 

Apple's iPad: A Gadget Killer -- or Just Another Gadget? (Knowledge@Wharton) - Feb 03, 2010

"There's a market here as borne out by the Kindle and netbooks" Indeed, Piper Jaffray analyst Gene Munster expects Apple to ship anywhere from three million to four million iPads in 2010, providing a threat to Amazon's Kindle in 2011 Susquehanna Financial Group analyst Marianne Wolk estimates that Amazon has sold 23 million Kindles to date and will ship another four million in 2010 
Share:  Indeed, Piper Jaffray analyst <span class="analyst">Gene Munster</span> expects Apple to ship anywhere from three million to four million iPads in 2010, providing a threat to <span class="company">Amazon</span>'s Kindle in 2011 Tweet this 

Indeed, Piper Jaffray analyst Gene Munster expects Apple to ship anywhere from three million to four million iPads in 2010, providing a threat to Amazon's Kindle in 2011 
Share:  Indeed, Piper Jaffray analyst <span class="analyst">Gene Munster</span> expects <span class="company">Apple</span> to ship anywhere from three million to four million iPads in 2010, providing a threat to Amazon's Kindle in 2011 Tweet this 

The Mysterious iMac Delay (WSJ - Business Technology) - Feb 02, 2010

Analysts say that the delays don't concern them for now "They're going to work it out," said Gene Munster, an analyst with Piper Jaffray, adding that "these things happen" It helps that Apple continues to see strong computer sales 
Share:  "They're going to work it out," said <span class="analyst">Gene Munster</span>, an analyst with Piper Jaffray, adding that "these things happen" It helps that Apple continues to see strong computer sales Tweet this 

Apple iPad: A Color Kindle for Dummies? (CIO) - Feb 02, 2010

"The iPad's advantage over the similarly priced Kindle DX is that it provides a host of multimedia functions as well as e book reading," he wrote in a research note "Although this seems like bad news for Amazon, the iPad will certainly increase the market for e books" In Stat analyst Stephanie Ethier doesn't agree "In the short term, though, I don't see the iPad demolishing Kindle sales," she wrote in a research note, adding, "fundamentally, customers are purchasing Kindles and Sony E readers for a revolutionary reading experience" Either way, Piper Jaffray analyst Gene Munster doesn't think it'll matter much this year 
Share:  "In the short term, though, I don't see the iPad demolishing Kindle sales," she wrote in a research note, adding, "fundamentally, customers are purchasing Kindles and Sony E readers for a revolutionary reading experience" Either way, Piper Jaffray analyst <span class="analyst">Gene Munster</span> doesn't think it'll matter much this year Tweet this 

Analyst: iPad to bring larger app layouts, higher price tags (MacNN) - Feb 01, 2010

Analyst: iPad to bring larger app layouts, higher price tags updated 06:15 pm EST, , 2010 Device could attract new types of apps . Although many developers have just begun creating apps for Apple's new iPad tablet , analysts expect the device to attract a wide range of apps with different layouts and pricing models than current offerings for the iPhone and iPod touch While current App Store titles carry price tags that average approximately $190, Piper Jaffray analyst Gene Munster anticipates iPad versions to command prices closer to $4 "The reason why people buy an iPhone is because there are 140,000 apps and you can change your iPhone into anything you want," said Munster Apple has disclosed plans to release iPad optimized versions of its iWork utilities The productivity software provides document creation and editing functions that would have been difficult to utilize on the iPhone platform The iPad's larger screen and faster components, however, are claimed to enable the advanced functionality 
Share:  While current App Store titles carry price tags that average approximately $190, Piper Jaffray analyst <span class="analyst">Gene Munster</span> anticipates iPad versions to command prices closer to $4 "The reason why people buy an iPhone is because there are 140,000 apps and you can change your iPhone into anything you want," said Munster <span class="company">Apple</span> has disclosed plans to release iPad optimized versions of its iWork utilities Tweet this 

iPad apps likely to be bigger, pricier (CNN) - Feb 01, 2010

those cheap, downloadable programs that run on mobile phones and other gadgets "The reason why people buy an iPhone is because there are 140,000 apps and you can change your iPhone into anything you want," said Gene Munster, a senior research analyst at Piper Jaffray At the iPad's unveiling last week in San Francisco, California, Apple Inc CEO Steve Jobs went to great lengths to say how robust the iPad's app "ecosystem" will be He said app developers will encounter a "gold rush" of opportunities if they develop programs for the device He showed off a new suite of $999 iWork apps for constructing spreadsheets, creating presentations and designing document layouts 
Share:  "The reason why people buy an <span class="company">iPhone</span> is because there are 140,000 apps and you can change your <span class="company">iPhone</span> into anything you want," said <span class="analyst">Gene Munster</span>, a senior research analyst at Piper Jaffray Tweet this 

Apple's iPad vs. Amazon's Kindle: It's not zero sum (Between the Lines) - Jan 29, 2010

In 2010, the devices will compete, but indirectly Piper Jaffray analyst Gene Munster notes: We believe Amazon sold 1 million Kindles in the quarter vs our previous estimate of 750k 
Share:  Piper Jaffray analyst <span class="analyst">Gene Munster</span> notes: We believe <span class="company">Amazon</span> sold 1 million Kindles in the quarter vs our previous estimate of 750k Tweet this 

'iPad as netbook-killer' concept ignites controversy (InfoWorld) - Jan 29, 2010

, 2010 'iPad as netbook killer' concept ignites controversy Many view Apple's new tablet as just an oversized iPod with too many limits to compete with netbooks and laptops The reaction to Apple's announcement of the iPad on Wednesday has been both passionate and mixed. Many have shrugged at what appears to be a big iPod Touch they can't easily carry around "I’d get better value in buying an iPod Touch and a magnifying glass," says Kory Salsbury, a tech support specialist at Web publisher IDG Others, including Gene Munster of the Piper Jaffray investment bank and myself, see it as the first step toward a platform that makes netbooks and low cost PCs obsolete in favor of a tablet that does both entertainment and basic business apps without all the baggage of a PC or Mac 
Share:  Others, including <span class="analyst">Gene Munster</span> of the Piper Jaffray investment bank and myself, see it as the first step toward a platform that makes netbooks and low cost PCs obsolete in favor of a tablet that does both entertainment and basic business apps without all the baggage of a PC or Mac Tweet this 

Apple iPad Adds to Pressure on AT&T (BusinessWeek.com - Technology) - Jan 28, 2010

In all, Apple may sell 3 million to 4 million iPads in the first year, and 8 million in 2011, says Gene Munster, an analyst at Piper Jaffray ( PJC ) in Minneapolis 
Share:  In all, <span class="company">Apple</span> may sell 3 million to 4 million iPads in the first year, and 8 million in 2011, says <span class="analyst">Gene Munster</span>, an analyst at Piper Jaffray ( PJC ) in Minneapolis Tweet this 

Amazon earnings soar 71pc (The Australian Business) - Jan 28, 2010

Mr Szkutak also said better inventory management and growth of the Internet retailer's Web services business helped drive North American gross margins to 236 per cent, up from 215 per cent in the year ago quarter He said the company was positioned "very nicely" in digital media, a key emerging market given Amazon's dependence on sales of physical media including books, music and movies Wall Street analysts are concerned that Amazon's media sales, which accounted for 49 per cent of total revenue in 2009, could suffer if the company does not move fast enough to offer compelling digital products "They are running the table on e commerce," said Piper Jaffray analyst Gene Munster "But investors are trying to get their heads around how much of their media business is physical sales versus digital" 
Share:  Wall Street analysts are concerned that <span class="company">Amazon</span>'s media sales, which accounted for 49 per cent of total revenue in 2009, could suffer if the company does not move fast enough to offer compelling digital products "They are running the table on e commerce," said Piper Jaffray analyst <span class="analyst">Gene Munster</span> Tweet this 

Technology Analysts Disappointed in Apple’s iPad, but Street Analysts More Positive (Research Recap) - Jan 28, 2010

The main positive  surprise was the "aggressive" price of $499 and up This makes it a more viable alternative to Amazon's (AMZN) Kindle and other e readers than had been expected, though it also may be that the iPad's limitations make it hard to justify the closer to $1000 price that had been widely rumored Wall Street analysts were more positive , led by Piper Jaffray & Co's Gene Munster who told  Bloomberg that the iPad was "an amazing device" and that investors needed to be patient While the street analysts focused on the market potential for the product, the industry analysts seemed to compare the iPad to what they had imagined it could be in the weeks leading up to the announcement Still, the street analysts had a big miss on the wireless angle 
Share:  Wall Street analysts were more positive , led by Piper Jaffray & Co's <span class="analyst">Gene Munster</span> who told  Bloomberg that the iPad was "an amazing device" and that investors needed to be patient Tweet this 

Techs rattle Wall Street (New Zealand Herald - Markets) - Jan 28, 2010

Its stock also plunged 14 per cent Shares in Apple fell 43 per cent as bloggers unleashed on what they believe were missed opportunities with the iPad Still, not everyone saw the tablet in the same light Piper Jaffray & Co's Gene Munster told Bloomberg that the iPad was "an amazing device" and that investors needed to be patient 
Share:  Piper Jaffray & Co's <span class="analyst">Gene Munster</span> told Bloomberg that the iPad was "an amazing device" and that investors needed to be patient Tweet this 

The Real iPad Revolution Is The A4 Chip That's Running It (AAPL) (The Business Insider) - Jan 28, 2010

The average selling price of a 35 inch iPhone is around $600, according to Piper Jaffray estimates The A4 chip is the first shipping product to emerge from Apple's 2008 acquisition of PA Semi Besides any cost savings, it's an exclusive chip this way If Apple can put the A4 in an iPhone, watch out Apple could offer the fastest high end smartphone on the market at the lowest priceJoin the conversation about this story »See Also:Why I Won't Buy An iPadApple iPad First Hands OnGene Munster: The iPad Will Be Small In 2010, HUGE In 2011 
Share:  <span class="company">Apple</span> could offer the fastest high end smartphone on the market at the lowest priceJoin the conversation about this story »See Also:Why I Won't Buy An iPad<span class="company">Apple</span> iPad First Hands On<span class="analyst">Gene Munster</span>: The iPad Will Be Small In 2010, HUGE In 2011 Tweet this 

Thursday Thrills: Obama Plus (Steve) Jobs Boost Market (US Market Commentary from Seeking Alpha) - Jan 28, 2010

Back in September I said: "So we are happy, happy AAPL owners and Piper Jaffray's Gene Munster thinks AAPL can sell 2M units of the IPad at $600 each to generate an additional $12 billion in revenues in 2010 and I think he's low 
Share:  Back in September I said: "So we are happy, happy <span class="company">AAPL</span> owners and Piper Jaffray's <span class="analyst">Gene Munster</span> thinks <span class="company">AAPL</span> can sell 2M units of the IPad at $600 each to generate an additional $12 billion in revenues in 2010 and I think he's low Tweet this 

Analysts Love the iPad's Low Price of $499 (Cult of Mac (blog)) - Jan 28, 2010

9:35 am, th, 2010, Ed Sutherland Analysts appear to be in love with the iPad's low price, a figure falling below most expectations. The morning after Apple unveiled the device, many experts raised sales forecasts for 2010 and 2011 Gene Munster of Piper Jaffray nearly doubled his sales expectations to 3 to 4 million iPads this year and 8 million of the devices in 2011 Earlier this week Munster warned if the tablet were price between $800 and $1,000 "adoption is going to be much lower than the hype would lead you to believe" At the time, the analyst said 14 million iPads would likely sell in 2010 
Share:  <span class="analyst">Gene Munster</span> of Piper Jaffray nearly doubled his sales expectations to 3 to 4 million iPads this year and 8 million of the devices in 2011 Tweet this 

Analysts: Apple’s iPad threatens PC box assemblers (Mac Daily News) - Jan 28, 2010

Hesseldahl continues, "Only about 103 million tablets were sold in 2009, down from 13 million in 2008, according to Gartner" MacDailyNews Take: Apple will sell that many iPads in the first week, if not the first weekend Hesseldahl continues, "Apple says it expects to start shipping the iPad by the end of March The company may sell 3 million to 4 million in the first 12 months it's available, says Gene Munster, an analyst at Piper Jaffray It may sell 8 million iPads in 2011, he says" MacDailyNews Take: Munster's estimates are too low and will have to be revised upward if he wants his predictions to be more accurate 
Share:  The company may sell 3 million to 4 million in the first 12 months it's available, says <span class="analyst">Gene Munster</span>, an analyst at Piper Jaffray Tweet this 

Bio
 

Eugene Munster

Piper Jaffray

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Eugene Munster

About Eugene Munster:

Gene Munster is a managing director and senior research analyst at Piper Jaffray, specializing in Internet (US and China) & Digital Media. He joined Piper Jaffray in 1995. Munster's Internet focus is search, media, and China, including Google, Yahoo!, and Baidu.com. In addition, Munster has covered the Digital Media space since 1995, including Adobe, Autodesk, and Apple. He has authored several key industry reports on technology and has been recognized by Wall Street with awards from the Institutional Investor (Home Run Hitter), Forbes (Top Stock Picker), and the Wall Street Journal (Best on the Street). Munster is quoted frequently in key financial and technical news journals. Munster holds a bachelor's degree in financial management and new venture strategies from the University of St. Thomas.

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