Analyst Sees Strong Year-Over-Year Growth in Mac Sales

| Apple Stock Watch

Piper Jaffray analyst Gene Munster on Monday released a report in which he looked at recent figures from research firm NPD and noted: "We expect the strong year-over-year growth in NPD data that we saw in January to continue in the month of February. We believe this represents a buying opportunity ahead of NPD data for the month of February on March 15."

Mr. Munster expects Apple to ship between 2.6 and 2.8 million Macs during the current quarter, which ends March 31; he noted that the first half of 2009 saw weak sales for Macs, so large year-over-year percentage increases shouldn’t be surprising. Last quarter, the company set a record with 3.36 million Macs sold, and he said that momentum carried over into January and February.

According to TheStreet.com, Mr. Munster, who has long been bullish on Apple, maintained an “overweight” rating on Apple’s stock and kept his 12-month price target at US$284. At 2:40 PM Eastern time on Monday, the company’s shares were selling for $219.23, up $0.28 for the day. The stock has risen dramatically from its $189.87 price on Dec. 8, 2009; a year ago, on March 9, it was selling for $83.11.

While Apple isn’t a big player in the corporate world, another report issued on Monday, this time from Goldman Sachs, said that “a significant PC upgrade cycle is likely to start in 2010," according to Goldman Sachs analyst David Bailey. "Our latest survey shows further momentum for corporate PCs, with H-P and Dell both gaining meaningful share of customer budgets." With a general computer sales recovery seemingly underway, it stands to reason that Apple would capture a share of that revenue.

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Comments

dave

Of course he is bullish, he has forseen Apples iphone sales all the way out to 2020. Piper Jaffray and Gene Munster are pump and dump jokes

Tiger

Yeah. Not a big player in the corporate world, yet has moved into the top 5 for market capitalization in the United States.

Imagine what would happen if Apple actually CHOSE to go after the enterprise. Right now, they’re in the top 5 in spite of it.

I’ll take Niche Players ruling the world for $1000 Alex.

Constable Odo

Apple won’t choose to go into the enterprise.  The enterprise does not want Apple.  Apparently, the whole enterprise structure doesn’t support Apple’s business model of higher prices and single sourcing.  And besides, Microsoft and it’s loyal IT manager minions would never allow it.  If it’s not Microsoft Windows certified, it cannot happen.  All that 30 years backwards compatibility crap is counter-productive to free thinking.  When was the last time anyone ever saw a 12” or 8” floppy disk?  Maybe in the 80’s? Got a spare IBM 3274 controller to hook up your 3278 CRT terminals.  That stuff is gone, gone, long gone.

Apple can easily make even more money from consumers.  A simple thing like multiple carriers in the U.S. could have iPhones sales nearly double.  Lower iPhone prices in China could jumpstart greater sales.  I’m interested in seeing how Apple is going to use its data farm and if it can generate revenue.  There is still the possibility of Apple going into the search and ad click business.  How about a home gaming console in combo with AppleTV?
I don’t know what’s going to happen to the Mac Pro line, though.  Does Apple even sell those things in quantity, anymore?

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