Pacific Crest Securities has reiterated their $130 price target on Apple Inc. (AAPL).
The firm says NPD data shows accelerating Mac sales momentum this quarter.
Pacific Crest notes that total Mac sales grew 108% year-over-year in January (vs. 55% YOY in December) as strong notebook sales continue to drive share gains.
Sales of Mac portables grew 194% YOY in January.
[Thanks to MacDailyNews Reader “J Alex” for the heads up.]
Katie Marsal reports for AppleInsider, “‘Mac ASPs grew 4 percent in January on a year-over-year basis and 1 percent sequentially,’ wrote Pacific Crest analyst Andy Hargreaves. ‘Apple’s ability to maintain stable ASPs is a strong indicator of its brand equity and consumer demand, in our view… January was the third-largest revenue month for Mac notebooks ever.”
Full article here.
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