Mac and iPod sales are up so far in 2010
Piper Jaffray and Gene Munster, as reported by AppleInsider, are very confident of 2010 being the “Year of the Mac”. February sales figures for both Mac computers and iPods are “impressive” according to the analysts.
Mac sales for the first two months of 2010 are up 39 percent year over year. With an estimate that Apple will sell around 2.8 to 2.9 millions Macs in March. Higher than Wall Street’s estimate of 2.7 million.
iPod sales were also up by around 7% for the beginning of 2010, which is the first increase in sales in over a year.
Sales for Apple were slow in 2009, which put it in a good position to improve this year.
Piper Jaffray has maintained its overweight rating for AAPL stock, and a 12-month price target of $284.
As of the writing of this article shares in AAPL have actually dipped back to around $223 from a high of $226 last week.
It remains to be seen what effect the iPad will have on iPod sales in coming months.Souce: AppleInsider