When it comes to predicting various product sales from hipper-than-hip Apple (NASDAQ: AAPL), it's good to know that we have more than financial analyst statistics and feelings to look at. One stock watcher recently hung out quite a bit at several Apple retail stores to try and collect empirical data from his own two eyes to see if Apple's analyst-predicted iPhone and Mac product sales numbers are indeed stacking up or are falling short.The conclusion? Apple will most likely achieve its goal of 730,000 iPhone sales in the quarter ended September 30. In fact, the conclusion this analyst came up with from his store checks indicate Apple could bypass its own estimate and sell over 800,000 iPhones in the July-September quarter.
As far as Apple Mac sales go, Gene Munster's research stated that about 2 million Mac systems would be sold in September alone, pushing past his earlier estimate of 1.9 million. It's interesting to note that the average Apple retail store sells over 55 Mac systems per open day, not counting website sales or other retail sales, like those inside Best Buy (NYSE: BBY) locations. Are Apple shares headed above $200 territory? Munster maintains his $211 target.
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Reader Comments (Page 1 of 1)
9-05-2007 @ 9:42PM
Constable Odo said...
Please. I don't know if you noticed, but Apple's stock is in the crapper again. Why? Because all the numbers on iPhone profits are basically shot to heck. Most investors now see the iPhone as an outright failure because it can't even maintain it's value for two whole months. That has to be one of the fastest price drops in history. On top of that, iPod sales won't be as good as last year. I can't even justify buying an iPod Touch with such tiny capacity. Apple shot themselves in the foot. Apple stock will never see $165 this year. Forget about Munster's $211 pipe dream.
9-06-2007 @ 2:57PM
Dianne Olivo said...
If apple was on target...do you think the price would have been reduced?? Sounds like Steve is trying to clear out the backlog of "UNSOLD" phones in a fire sale! Besides, the target was 1 million and he would've gladly announced that milestone if it was even in sight. $211 would be great (since I own the stock)..but NOT in this year or next. It's a discretionary purchase,and Christmas is not looking good for the masses in America. There's plenty of companies out there that are equally impressive and they don't carry that price tag .
9-05-2007 @ 11:28PM
Bruce Hoult said...
Well in fact Jobs said in the presentation (towards the end) that they expect to pass 1 million iPhones sold in total before the end of this month.
They've been consistent on that number for quite a while, so I can't see poor sales as being a reason for the iPhone price drop. Sales are somewhere around 2% of the total phone market so far, which is very good.
The price drop is more likely to be because production capacity has caught up with sales. Or, more to the point, the price is now what it was always intended to be, and it was higher initially in order to reduce demand to what could be supplied (and make a few extra bucks at the same time).