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AAPL Stock: 502.6 ( + 9.18 )

Mac sales up 26 percent in December quarter

updated 10:40 am EST, Tue January 19, 2010

NPD figures above Street consensus


Mac sales rose 26 percent year-over-year in the December quarter, according to new figures from the NPD Group. Piper Jaffray analyst Gene Munster notes that the growth is substantially higher than Street expectations, which called for a shift of only 19 percent. Munster is subsequently raising his predictions for exact Mac shipments in the quarter, from 2.9 million units to 3.1.

The rise is thought to be connected to the release of 27-inch iMacs, as well as more practically affordable MacBook Pros. Apple also revised the basic plastic MacBook in October, giving it a unibody design and faster components. Mac sales in general appear to have been unaffected by the recent recession.

Munster argues that Street consensus will have to go higher in 2010, as it is calling for 14 percent growth overall this year. Apple is currently showing 20 percent growth. "2010 shaping up to be the year of the Mac," claims Munster. The analyst is meanwhile holding to a prediction of 9.3 million iPhones for the December quarter, above the Street's 9.1 million figure.

Apple is set to formally announce results on January 25th.


by MacNN Staff

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Comments

  1. starwarrior

    Fresh-Faced Recruit

    Joined: Mar 2006

    +3

    Good feeling

    Visited major University this week. The laptop of choice for their honors students is a Mac. The bookstore had major Apple product displays (Bigger than most BestBuy arrangements). Only one Windows machine was visible. As a member of a visiting parent group it was interesting to hear the Mac versus PC debate won by the Mac supporters. The debate would not have occurred five years ago and I believe will not occur in the future as the whole campus thing goes Mac. Feeling good as long and especially today as stock rallies.

  1. Constable Odo

    Fresh-Faced Recruit

    Joined: Aug 2007

    +3

    Don't expect a jump in share price on earnings...

    Apple just doesn't move that way. Apple will have another $2+ billion in cash reserve to play with but share price will barely budge. If only Apple could figure a way to change cash reserve every quarter into share price rise. How do most companies manage that trick? It must have something to do with Apple's accounting method.

  1. sailin74

    Fresh-Faced Recruit

    Joined: Aug 2002

    +1

    Stock

    Constable, Have you been blind to Apple's stock prices? The trend is definitely positive.

  1. testudo

    Fresh-Faced Recruit

    Joined: Aug 2001

    -1

    cash reserve

    The problem with that is cash in reserve is just sitting there. Like a rock on the ground, it just collects dust. It isn't until you put it in motion (spend it or throw it) does it then have the capability to perform an action, be it good or bad.

    On top of that, Apple's market cap is, at the moment, close to $200b. $2 billion is 1% of that. At best, you'd expect a 1% tick in the stock price, which is a couple of dollars.

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