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.
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