Mac sales growth up over 100 percent in January, says firmSales of Apple Inc.'s Mac line of personal computers saw year-over-year growth accelerate over 100 percent during the month of January, with revenue growth rising even further, according to Pacific Crest Securities.
In a brief research note distributed to clients on Thursday, the firm cited NPD market research data which implies that year-over-year growth in Mac unit sales accelerated in January to 101 percent, up from 55 percent in December.
Meanwhile, a rise in the average selling price (ASPs) of Macs is reported to have driven even greater year-over-year dollar sales growth of 108 percent during the same time period, again, up from 55 percent in December.
"Mac ASPs grew 4 percent in January on a year-over-year basis and 1 percent sequentially," wrote analyst Andy Hargreaves. "Apple's ability to maintain stable ASPs is a strong indicator of its brand equity and consumer demand, in our view."
Hargreaves said that sales of Mac notebooks grew 194 percent year-over-year in January with a rising ASP that drove 221 percent revenue growth in the segment.
"January was the third-largest revenue month for Mac notebooks ever," he added.
The analyst noted that over the past eight quarters, the first month of NPD data has been between 7 percent and 9 percent of Apple's quarterly Mac unit sales.
"If this relationship holds in fiscal Q2 (March), Mac sales would significantly exceed our Q2 estimate of 1.495 million units," he said.
On Topic: General
- IBM extends Watson cognitive capabilities to MobileFirst for iOS apps
- Apple makes slow pivot to India as China sales cool
- Tim Cook says Apple is interested in both content creation and ownership
- Apple testing AR-based car navigation and self-driving software with virtual reality rigs - report
- WiGig gets official certification, promises speeds up to 8Gbps