Apple to Sell 37 Million iPods by end of 2005?

One analyst believes that Apple have sold as many as 37 million iPods by the end 2005. Piper Jaffray analyst Gene Munster wrote:

'We expect the iPod to continue to be a foundation for growth in other parts of Apple's business, and we expect that by the end of calendar 2005 more than 37 million iPods will have shipped, providing Apple with a greater scope of awareness for various products'

Apple's iPod sales, however, hasn't yet translated into booming music download sales according to this Bloomberg report. According to that article, digital download sales have plateaued and are still a small percentage of total music sales. As a result, music industry leaders are still pushing for a multitier pricing to boost income.