Apple Shifting Further to Consumer Electronics?

At least one financial analyst believes that Apple's business will tilt further toward consumer electronics in the coming year.
A article quotes analyst David Bailey of Goldman Sachs as saying

If early indications from suppliers prove correct, Apple is likely to move further from its Mac core in 2006, leveraging its brand and building on the consumer success of iPod.

Bailey raised his earnings-per-share and iPod sales estimates for Apple, based on seasonal demand for iPods and anticipation of 2006 product announcements, but said he would "reassess his valuation if Apple announced new products over the next few months that could shift its center of gravity further into the consumer electronics realm."