Analysts at Piper Jaffray last night warned that Seagate may suffer if Apple introduces a higher-capacity flash-based iPod.

Seagate broke its own sales and financial records in its just-gone quarter, spurred by the demand for hard drives from manufacturers of consumer electronic products, such as the iPod.

Reflecting this, the analysts continue to see Seagate as a good investment, with a target stock price of $27.

However, the company could be affected if Apple should: "Increase the flash-based iPod mix thus reducing MP3 hard disk-drive consumption", the analysts said, according to Forbes.