Feeds

2010 will be 'boom time for Apple'

Xmas sales rather higher than expected

Build a business case: developing custom apps

The final three months were a bumper period for Apple, a long-time company watcher has claimed.

In a note sent to investor clients yesterday, Piper Jaffray analyst Gene Munster said US Mac retail sales were 26 per cent higher in Q4 2009 than they were in Q4 2008. The retail numbers come from market watcher NPD.

That's better growth than even the usually bullish Munster was anticipating. He'd previously forecast shipments of 2.9m Macs worldwide in the period, but now reckons Apple shipped 3.1m.

He hasn't changed his prediction for the quarter's global iPhone shipments: 9.3m of them.

Apple will report its results for the quarter - the first of its 2010 fiscal year - on Monday, 25 January.

That's two days before the big media meet at which it's expected to unveil its iPad tablet, anticipation of which has already begun pushing Apple's share price up around $7 in the last few days. The price currently stands at around $215 - ten times that of chip giant Intel. Time for a four-for-one stock split, Steve?

If Munster is right, the stock will do even better. Wall Street, on average, reckons Mac sales will rise 14 per cent this year when compared to 2009. Munster believes, based on those NPD Q4 figures, that sales will actually rise 20 per cent.

"Keep in mind, before the economic slowdown began Mac units were up 30-40 per cent (year over year) on a quarterly basis," Munster noted. ®

The essential guide to IT transformation

More from The Register

next story
Reg man looks through a Glass, darkly: Google's toy ploy or killer tech specs?
Tip: Put the shades on and you'll look less of a spanner
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
One step closer to ROBOT BUTLERS: Dyson flashes vid of VACUUM SUCKER bot
Latest cleaner available for world+dog in September
Samsung Gear S: Quick, LAUNCH IT – before Apple straps on iWatch
Full specs for wrist-mounted device here ... but who'll buy it?
Apple promises to lift Curse of the Drained iPhone 5 Battery
Have you tried turning it off and...? Never mind, here's a replacement
Now that's FIRE WIRE: HP recalls 6 MILLION burn-risk laptop cables
Right in the middle of Burning Mains Man week
Apple's iWatch? They cannae do it ... they don't have the POWER
Analyst predicts fanbois will have to wait until next year
Tim Cook in Applerexia fears: New MacBook THINNER THAN EVER
'Supply chain sources' give up the goss on new iLappy
HUGE iPAD? Maybe. HUGE ADVERTS? That's for SURE
Noo! Hand not big enough! Don't look at meee!
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.