“‘Massive’ back-to-school Mac computers sales for Apple Inc. might not mean much to the market on the surface, but when each 25 basis point increase in market share produces an extra US$1-billion in revenue, things start to come into focus pretty quickly,” Jonathan Ratner reports for The Financial Post.
RBC Capital Markets analyst Mike Abramsky “told clients that data from 4,400 corporate IT buyers and adopters suggest ‘unprecedented intentions’ in the quarter. In the next 90 days, 34% plan to buy a Mac laptop and 30% expect to purchase a desktop,” Ratner reports.
“As a result, he expects Apple’s share of the global PC market will rise to 4.2% in calendar 2009, up from 2.9% in 2007,” Ratner reports.
Full article here.
Dan Frommer reports for Silicon Alley Insider, “RBC analyst Mike Abramsky now expects the company to ship 3.04 million Macs in the September quarter — representing 41% year-over-year growth and 22% quarter-over-quarter growth — up from his previous estimate of 2.8 million.”
“What’s helping? Among other factors: Apple’s back-to-school promotion for college students that offers a free iPod touch — $299 value — with qualifying Mac purchase,” Frommer reports.
Full article here.