Analyst: Strong Year-Over-Year Numbers Show Continued Mac Sales Surge

| Apple Stock Watch

The latest retail sales data from the NPD Group show that Mac sales in February jumped 43 percent year-over-year, coming on the heels of a 36 percent increase in January. Those results led Piper Jaffray anlyst Gene Munster to estimate sales of 2.8 to 2.9 million Macs this quarter, according to AppleInsider.

Mr. Munster, who has long been bullish on Apple, expects 2010 to be “the year of the Mac.” The latest numbers are follow-through from November and December 2009, when year-over-year Mac sales were up 33 and 32 percent, respectively. Mac sales started 2009 with a pair of year-over-year declines and remained muddled until the end of the year.

The analyst also looked at iPod sales, which experienced year-over-year declines throughout 2009, and found that they were up seven percent for the first two months of 2010. Average selling prices of the devices are up three percent, while Macs are down 10 percent, suggesting that cheaper Macs are becoming more popular.

Mr. Munster kept his overweight rating on Apple’s stock, with a 12-month price target of US$284. Shares ended trading on Monday down $2.76, or 1.22 percent, to $223.84.

Comments

Tiger

Well, I replaced a 9 year old G4 with an iMac in Feburary after getting my tax refund and my friend replaced a 6 year old eMac with an iMac earlier January.

This is a good year for a refresh!

geoduck

9 year old and 6 year old?!?
Why, sonny them’s just getting broke in. You young’ns don’t know how to make a computer last. What’s this worl’ comin to when you’d throw a perfectly good computer away just because it was only 9 year’ ol’. Land o’ goshen why I ‘member a time when we would keep our SE running for a decade and then make it our print server ‘n run it fer ‘nuther one. Why I do declare, these kids these days….....

<Sorry I just had a bit of a senior moment there>

Tiger

Throw ‘em away, oh HELLLL No.

I put a new drive in the G4 and gave it to my sister’s family. And the eMac was cleaned up and given to my friend’s sister. They just moved down the line one notch. They’re all still in the family!

geoduck

Yeah we always did the same thing. Most of our Macs went through a couple of families before coming back to us. My wife’s sister just retired my old Pismo PB, which I’m going to get back and then see what I can do with it.

JTHapp

geoduck: Make the Pismo into a wall sconce to allow music control via an airport express.

stens

Yep…gave the old Bondi Blue iMac from 1998 to the in-laws for e-mailing. Works fine.

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