Tag - Piper Jaffray
According to new data from retail analyst NPD, revealed in a note to investors from Piper Jaffray analyst Gene Munster, US Mac sales are up 29 percent from the year-ago quarter. In part, the figures come from the fact that the just-redesigned iMac was severely constrained in the year-ago quarter, with extremely limited supplies largely missing the holiday buying season entirely. In addition, the company has recently refreshed most of its Mac lineup to Intel's latest "Haswell" chip.
Based on data from NPD (but with a caveat), investment analysts Piper Jaffray has maintained its "overweight" rating on AAPL and reports in a note to investors that it is "comfortable" with its original estimate of a decline in Mac sales year-over-year of around five percent, though it acknowledges that NPD is estimating seven percent. Apple's fiscal year ended on September 30, and it will report the results of that quarter on October 28.
Another survey, this time from Piper Jaffray tech sector analyst Gene Munster, adds to a number of other surveys of the US mobile web traffic landscape and finds that the iOS platform both dominates and is growing its share of user engagement in Internet-related mobile use. As with the other studies, Munster's analysis of a hand-picked list of 10 of the top 100 mobile websites found that iOS traffic accounts for around 65 percent of mobile visits during the past two months, while Android made up only 30 percent of mobile traffic.
Analysts at Citigroup and Piper Jaffray helped trigger stock market jitters on Thursday over the implications of LTE chip supply as it relates to Apple. Following Qualcomm statements after its quarterly results that there was a supply shortage of its 28 nanometer chips made at TSMC, Citi's Glen Yeung and Piper's Gene Munster both suggested that was a direct sign of Apple choosing a 28nm MSM9615 cellular chipset for its next iPhone. To Yeung, a ramp down in existing 45nm parts combined with the shortage was a sign Apple was switching production and lowering orders of older hardware as it got ready to produce the new.
Three separate iPhone 4S launch day studies have shown noticeably more buyers being switchers from the BlackBerry and other platforms. The most detailed, a 195-person study by UBS analyst Maynard Um in New York City, had 75 percent coming from an existing iPhone versus 80 percent a year ago. Of the remaining group, about 10 percent were jumping from a BlackBerry, while five percent each were coming from LG and Samsung phones; four percent were coming from Motorola.
NPD data gleaned by Piper Jaffray analyst Gene Munster Monday showed a more optimistic view of Mac sales in the spring than initial April results. They now showed year-over-year sales up 15 percent in April and May, higher than the nine percent seen earlier. Munster noted that Apple was likely to near the 2011 street target of 22 percent since last June saw it grow just 11 percent, making a higher year-to-year gain relatively easy.
New NPD data in a research note later on Monday from Piper Jaffray analyst Gene Munster suggested that the new MacBook Pro may have pushed Apple well ahead in growth in the computer market. March sales in the US were estimated to be up 47 percent compared to a year earlier following the much faster line's introduction in late February. The growth came after more modest but still healthy 20 percent and 12 percent year-to-year increases in January and February.
Checks by Deutsche Bank Chris Whitmore and Piper Jaffray analyst Gene Munster this weekend suggested that Apple had sold out of iPad 2s in record time. Both checked across retailers and found that no stores had stock left by Saturday. Whitmore had the most diverse look and found the sellouts true both across 50 Apple stores, 20 Best Buy and Walmart stores, and a blend of AT&T and Verizon carrier stores.
Piper Jaffray analyst Gene Munster saw headcounts from long iPad 2 lineups as a sign that Apple may have had breakthrough launch day sales. He believed 400,000 to 500,000 iPads had sold based on increases at multiple Apple stores, especially flagships. The lineup at the 5th Avenue store in New York City had 1,109 in line on opening versus 730 for the original iPad; Minneapolis' Mall of America store more than tripled its lineup, from 105 to 334.
Analysts have quickly placed bets on the products likely to be launched at Apple's September media event. Piper Jaffray's Gene Munster echos ongoing rumors that the company will introduce a new iPod touch with two cameras, enabling FaceTime calls.