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The tough economy seems to be having little affect on iPod sales, according to one analyst Wednesday.

Kaufman Bros. analyst Shaw Wu said in a note to investors his checks show Apple (nasdaq: AAPL - news - people )'s popular music player has joined the iPhone in the sold-out category.

He said wait times at online retailer Amazon.com (nasdaq: AMZN - news - people ) for the $229 8 gigabyte and $299 16 gigabyte iPod Touch models are three to five weeks.

Wu said certain retailers, including Best Buy (nyse: BBY - news - people ), Target (nyse: TGT - news - people ) and Wal-Mart (nyse: WMT - news - people ), are even seeing spot shortages of the iPod Nano, which has $149 and $199 models, and iPod Shuffle, which sell for $49 or $69.

"Frankly, we find these sell-outs on iPods surprising given how difficult the macroeconomic environment is, putting a crimp on consumer spending," Wu said in the note.

He expects Apple to sell 21 million iPods in the quarter, up 90 percent from the previous three months, but down about 5 percent from the year-ago period.

Apple's shares rose $2.42, or 2.6 percent, to $94.89. The stock has traded between $79.14 and $200.26 over the past year.

The tough economy seems to be having little affect on iPod sales, according to one analyst Wednesday.

Kaufman Bros. analyst Shaw Wu said in a note to investors his checks show Apple (nasdaq: AAPL - news - people )'s popular music player has joined the iPhone in the sold-out category.

He said wait times at online retailer Amazon.com (nasdaq: AMZN - news - people ) for the $229 8 gigabyte and $299 16 gigabyte iPod Touch models are three to five weeks.

Wu said certain retailers, including Best Buy (nyse: BBY - news - people ), Target (nyse: TGT - news - people ) and Wal-Mart (nyse: WMT - news - people ), are even seeing spot shortages of the iPod Nano, which has $149 and $199 models, and iPod Shuffle, which sell for $49 or $69.

"Frankly, we find these sell-outs on iPods surprising given how difficult the macroeconomic environment is, putting a crimp on consumer spending," Wu said in the note.

He expects Apple to sell 21 million iPods in the quarter, up 90 percent from the previous three months, but down about 5 percent from the year-ago period.

Apple's shares rose $2.42, or 2.6 percent, to $94.89. The stock has traded between $79.14 and $200.26 over the past year.