Analyst: Wall St. unwisely ignoring MacBook cuts
updated 04:35 pm EDT, Fri June 12, 2009
Piper on MacBook cuts
Wall Street firms may be missing out on the true significance of Apple's MacBook price cuts, claims Piper Jaffray analyst Gene Munster. Prices have fallen several hundred dollars in some cases, which Munster argues should mitigate some of the predicted sales decline for the June quarter. Updated MacBooks could push the month of June's growth up as much as 5 percent year-over-year, according to Piper figures.
By contrast Munster observes that when new Macs were announced in March, Apple's desktop sales rose 3 percent.
May MacBook sales are expected to be down 2 to 5 percent, but quarterly decline is now forecast to be no more than 10 percent, even if final May figures show a drop as heavy as 28. Street estimates have called for an 8 percent decline.
iPod sales are meanwhile forecast to slide 5 to 10 percent in May, and 7 percent in the June quarter as a whole. Though not favorable for Apple, the drops are in the range of earlier analysis.
Fresh-Faced Recruit
Joined: Aug 2007
They're always saying
WS doesn't get Apple. What is so unusual about this company that Wall Street doesn't understand. I thought WS was supposed to catch on eventually about Apple, yet it continues not to understand. Apple must run the most unconventional financial model ever conceived. This company must be built on unfathomable speculation. A company that continues to make money, but each quarter is a guessing game. I hear the stores are doing rather well, yet the stock is dropping once again all out of proportion. $9 drop in a week's time based on nothing.