Ahead of next week’s earning call, there are two reports out today by analysts that paint a rosy picture of Mac, iPhone and iPad sales. The first report by Barclays Capital anaylst Ben Reitzes, claims that Apple is likely to exceed 22% growth in Mac computer shipments during the June quarter. This is despite US market data that has been less optimistic, but Reitzes suggests that overseas sales may compensate for the “somewhat muted” US sales due to the fact that many consumers are waiting for new MacBook Air models.
The second report from Brian White of Ticonderoga Securities included some revised figures and claims that Apple is likely to have sold a record of 8.5 million iPads and an impressive 17.53 million iPhones in the June quarter.
After our recent trip to Asia, we indicated that we felt our iPhone estimates for the June quarter were overly conservative, while our iPad projections were achievable and well above the Street.
Apple’s previous record for iPad sales was last years holiday quarter where they sold 7.3 million units. The iPhone sales according to White would be less than last-quarter’s record 18.65 units but still more than double the 8.4 million units Apple sold in the same quarter last year.
While many larger tech companies rely on more cyclical trends to grow sales, we believe Apple enjoys the tailwind of strong secular industry trends, hot new products and market share gain opportunities