Gene Munster: 2010 is the “Year of the Mac,” sales up significantly
Filed under: Apple Financial, iMac, Macbook Pro, MacBook
When Gene Munster talks, people listen.
The Piper Jaffray analyst delivered one of his missives this morning stating that his analysis of Mac retail sales in the U.S., based on numbers tracked by NPD Group, are up about 26% year-over-year for the December quarter. This is higher than the average Wall Street estimate of 19% year-over-year growth.
What does that mean in terms of units sold? Munster, who is not pictured at right, believes that translates to about 3.1 million Macs sold in the U.S. last quarter. Munster's last estimate was for Apple to sell around 2.9 million Macs, so even his own estimates are turning out to be somewhat conservative.
Munster believes that Street estimates for 2010 will need to come up. The Street shows about 14% year-over-year growth in Mac sales this year, which is well below the 20% or so growth that Apple is demonstrating. In his note, Munster wrote that "2010 is shaping up to be the year of the Mac."
Munster concluded his note with a statement that he's confident in his estimate of 9.3 million iPhone shipments last quarter. We'll all find out for sure on Monday, when Apple reports the actual December quarter results. We'll liveblog the financial fun right here on TUAW, so stay tuned next week.
[via Business Insider]
Gene Munster: 2010 is the "Year of the Mac," sales up significantly originally appeared on The Unofficial Apple Weblog (TUAW) on Tue, 19 Jan 2010 18:30:00 EST. Please see our terms for use of feeds.
Gene Munster: 2010 is the "Year of the Mac," sales up significantly originally appeared on The Unofficial Apple Weblog (TUAW) on Tue, 19 Jan 2010 18:30:00 EST. Please see our terms for use of feeds.
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