Analyst: iPhone, Mac Sales Going Strong
Analyst: iPhone, Mac Sales Going Strong
by , 12:25 PM EDT, August 22nd, 2007
American Technology research analyst Shaw Wu has been watching Mac and iPhone sales, and the numbers he sees indicate that both products are selling very well. According to his estimates, Mac sales are on track to beat quarterly estimates, and the iPhone sales appear to be ahead of plan.
The strong Mac sales are being driven in part by back-to-school buyers, along with Windows users switching to the Mac. Mr. Wu commented "We believe our already bullish forecast looking for 1.95 million Macs [for the September quarter] is likely conservative."
Apple projected that it will sell 730,000 iPhones for the September quarter, but Mr. Wu thinks that is a conservative number. "Contrary to popular belief, iPhone sales are strong and appear ahead of plan," he said. "We remain comfortable with our forecast of 770,000 units, above Apple's goal/plan/guidance of 730,000."
Mr. Wu's comments echo what UBS analyst Ben Reitzes had to say earlier this week. He stated "Our findings indicate that iPhone demand is tracking to some modest upside to our [September quarter] shipment estimate of 800,000 units."
Mr. Wu is maintaining his "Buy" rating at US$185 target price for Apple's stock. Apple is currently trading at $131.468, up 3.898 (3.06%).
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
Observer Comments
"Apple projected that it will sell 730,000 iPhones for the September quarter, but Mr. Wu thinks that is a conservative number."
That number was obviously obtained by subtracting the 270,000 iPhones sold last quarter (in under two days) from 1,000,000. What Apple really said, if I recall correctly, was that they expected to sell 1,000,000 iPhones BY THE END of the September quarter. That doesn't mean that they think they'll sell 730,000 in this quarter, but that they'll sell AT LEAST 730,000. (In other words, Wu's prediction fits exactly what Apple said.)
Let's do some math.
If Apple were to sell 730,000 iPhones in the September quarter, that would be 7,935 per day. Wu goes out on a limb and says that they'll sell 770,000, 40,000 more. That's only *5* days' worth; they'd hit the 1,000,000 mark on September 25 or 26. It's only a 5.5% variance.
As a famous person once said, BFD.
Comments are currently closed. Please email the author instead.
Recent Headlines - Updated November 10th
- Tue, 8:16 AM
- News - Apple Releases Security Update 2009-006 for Leopard, Snow Leopard
- Mon, 7:20 PM
- Rumor - Apple May Update iPod touch in December
- 6:45 PM
- Product News - MacUpdate Desktop Updated to 5.0.1 with New Features, Bug Fixes
- 5:16 PM
- Apple Releases Mac OS X 10.6.2 - Guest Account Bug Fixed, Much More
- 4:12 PM
- Games - New For iPhone: Star Rangers, Air Force Supremacy, Blood Beach, More
- 2:51 PM
- Apple Stock Watch - Radio Shack Jumps 14% on iPhone Deal, Apple Up 3%
- 2:25 PM
- Games - EA Scoops Up Social Games Publisher Playfish
- 1:51 PM
- Deal Brothers - Western Digital 1TB SATA Intellipower Hard Drive: $84.99
- 10:58 AM
- News - StarHub Signs Singapore iPhone Deal
- 10:36 AM
- Hot Forum Topic - Reader Speculation: What’s in Apple’s Tablet?
- 10:08 AM
- News - Apple Kicks Off New Credit Program
- 9:26 AM
- News - Apple Launches Reserve and Pick Up Program
The Mac Observer Reader Specials
- TypeStyler For Mac OS X is Now Shipping! Download The Free Fully Functional 60 Day Tryout at www.typestyler.com
RamJet Memory: Mac Pro 8-core 8GB Kit $199.99, 4GB Kits $109.99! Sale on MacBook and MacBook Pro 8GB kits $549.99! New MacBook DDR3 2GB for $49.99. iMac and Mac mini 4GB Kits for $79.99! 1TB SATA Hard Drives for $109.99! Click here
OWC: We Make DIY Upgrading Easy! Maximize your Apple MacBook / MacBook Pro. Up to 8.0GB Memory, up to 1.0TB HD & More. Easy Guide + Free, Detailed Installation Videos. Click here
If you're using a Mac, then you've gotta check out Full Tilt Poker for Mac. This Full Tilt Poker bonus code does the unthinkable, it actually rewards!For the latest Apple products use Ciao, a price comparison website, to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate mobile phones like the Apple iPhone.
Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.

