Wednesday, October 24, 2012, 01:57 am PT (04:57 am ET)
New iMacs expected to quadruple Apple's dismal Q3 desktop shipmentsApple's newly introduced iMac lineup is expected to dramatically boost the company's desktop shipments, which are forecast to be down 79 percent year-to-year for the third calendar quarter, according to one analyst's estimates.
In a research note to investors obtained by AppleInsider, KGI Securities analyst Ming-Chi Kuo estimated that Apple's desktop shipments will be down to 264,000 for the company's fourth fiscal quarter of 2012, representing a huge 79 percent drop from the year ago period.
The analyst cut his forecast of Mac desktop shipments by over 63 percent mainly due to the new iMac's later-than-expected arrival. In August, Kuo's supply chain checks pointed to a September launch date for Apple's newest all-in-one, however production stalls blamed on low display lamination yields pushed the announcement back to October. Combined with a ramp-down of the previous iMac models, which began in July to August, overall sales plunged.
Despite the dismal third-quarter forecast, Kuo believes shipments will pick up during the holiday season, growing 434 percent quarter-on-quarter mostly thanks to expected strong demand for the newly-announced iMac, which is set to hit stores in November.
Even with the huge quarter-to-quarter growth, Kuo estimates iMac shipments to hit 1.4 million at the end of the year, representing a 5 percent decline from the year ago period. With shipping difficulties lingering into October, overall Mac desktop performance is expected to hit 3.8 million units in the fourth quarter, down 21 percent year-to-year.
The report comes just one day ahead of Apple's quarterly conference call, which is scheduled to take place
On Topic: Investor
- Apple Inc. surprises with massive $17 billion Q4 stock buyback
- Wall Street blown away by Apple's 'remarkable' record September quarter
- Apple may not break out Apple Watch, iPod and retail sales starting Q1 2015
- Notes of interest from Apple's Q4 2014 conference call
- Apple sells 5.5M Macs in Q3 2014, destroys previous record without major product changes