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Although Apple has chosen not to specify how many iPod shuffles were sold in the product's first three months of existence, analysts at Piper Jaffray estimated that 1.8 million of the 5.3 million iPods sold in the second quarter were shuffles. NPD estimates that the iPod shuffle captured 43% of the flash-based music player market in February of 2005, after only its second month of existence.By March of 2005 the iPod shuffle's market share had risen to 58%.