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Apple seems to be doing pretty well at this “sales” thing.  Market data seems to suggest iPod sales in May grew 11.6 percent “year-over-year.”  This is after a year-over-year growth of 14.6 percent in the previous month of April.

Looking ahead, Morgan Stanley believes Apple’s iPhone sales numbers should double in 2009.  For this reason, they are increasing their target price for Apple’s stock from $185 to $210.  They cite the lower price point as one of the main reasons for increased sales for the iPhone.  Quote Morgan Stanley:

“We believe the market generally expects a doubling of iPhone units with the lower price point ($199) and we believe this is realistic, if not conservative.”

More precisely, they expect sales of 27 million units in 2009, with an average revenue per unit of $550.

The increased sales numbers are almost a given, in my opinion, as the market of the iPhone has just increased by leaps and bounds.  Also, many of the major drawbacks of the first model have been rectified (3G, GPS, Exchange support, international stuff).  The recent interest in the UK over the iPhone is yet another reason to expect high sales growth.

[Via iLounge, twice]