“NPD has released initial sales figures for the month of April, and Piper Jaffray analyst Gene Munster sees the year-over-year sales declines as generally good. According to his analysis, the declines should meet or beat Wall Street’s expectations for Apple’s third fiscal quarter,” Chris Foresman reports for Ars Technica.
“Sales of Macs were essentially flat year-over-year for April, with Munster calculating a 1.8 percent decrease. Notebooks were down 3.5 percent, but desktop sales, buoyed by the recent desktop line refresh, were up 11 percent. Munster predicts that Apple will move over two million Macs, though it still might mean a decline of as much as 8 to 16 percent from last year. However, those numbers are in line with Wall Street estimates,” Foresman reports.
Apple is “performing well and weathering the economic recession better than many of its tech industry peers” and, for the company’s shares (AAPL), Munster maintains “a price target of $180,” Foresman reports.
Full article here.
[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]