Analyst Predicts Apple iTunes Cell Phone within 12 Months

7:00 am on March 19, 2006 | Category: Cell Phones, Mobile Devices, Multimedia

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A Piper Jaffray analyst has expressed confidence in Apple Computer Inc., and predicted that there is truth in rumors that the company is planning its own iTunes-compatible mobile phone.

Gene Munster gave a recommendation that investors buy Apple shares, saying that there is a 75% likelihood that the company will launch its own wireless handset by this time next year.

“We believe Apple will benefit from the new Intel-based Mac’s, along with what we estimate to be a 75% chance of an iPhone in the next 12 months,” Munster commented.

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