U.S. Mac Sales Surge in January as iMac Orders Pick up Steam
Piper Jaffray analyst Gene Munster today issued a new research report sharing data from research firm NPD covering Apple's U.S. Mac sales for the month of January. According to NPD's data, Mac sales were up a strong 31% year-over-year for the month.
Munster attributes the strong performance to Apple finally being able to roll out orders of the new iMac, even as the company remains significantly constrained with multi-week waits for new orders through its online stores. Apple announced the new iMac in late October of last year, but did not begin taking orders until the end of the November with the larger 27-inch models not arriving until several weeks later.
We have analyzed domestic NPD retail data for the month of January which suggests Mac sales were up 31% y/y through the first month of the March quarter. We believe the reason for the significant improvement in the sales data is primarily due to Apple catching up with iMac supply, which the company noted to be constrained in the December quarter. CEO Tim Cook noted that iMac sales were down 700k units y/y in December (we note iMac sales are likely far less impacted by iPad, thus the vast majority of the y/ y unit decline is likely supply).
It remains to be seen if the strong sales will hold up for the remainder of the quarter, and thus Piper Jaffray is maintaining its estimate of a 5% year-over-year decline for the full quarter when global sales are considered.
NPD's data also reveals a bit of a surprise for the iPod, showing U.S. unit sales up 3% year-over-year and revenue up 2%. Piper Jaffray has been modeling for a 17% decline in total iPod sales for the quarter as the device continues to lose favor with consumers shifting music consumption to smartphones. But even a strong showing for the iPod is unlikely to have a significant impact on Apple's bottom line, as the line represented just 4% of Apple's sales in the holiday quarter, typically the strongest one for iPod sales.
Popular Stories
Apple today released several open source large language models (LLMs) that are designed to run on-device rather than through cloud servers. Called OpenELM (Open-source Efficient Language Models), the LLMs are available on the Hugging Face Hub, a community for sharing AI code. As outlined in a white paper [PDF], there are eight total OpenELM models, four of which were pre-trained using the...
Apple is set to unveil iOS 18 during its WWDC keynote on June 10, so the software update is a little over six weeks away from being announced. Below, we recap rumored features and changes planned for the iPhone with iOS 18. iOS 18 will reportedly be the "biggest" update in the iPhone's history, with new ChatGPT-inspired generative AI features, a more customizable Home Screen, and much more....
Apple has announced it will be holding a special event on Tuesday, May 7 at 7 a.m. Pacific Time (10 a.m. Eastern Time), with a live stream to be available on Apple.com and on YouTube as usual. The event invitation has a tagline of "Let Loose" and shows an artistic render of an Apple Pencil, suggesting that iPads will be a focus of the event. Subscribe to the MacRumors YouTube channel for more ...
Apple has dropped the number of Vision Pro units that it plans to ship in 2024, going from an expected 700 to 800k units to just 400k to 450k units, according to Apple analyst Ming-Chi Kuo. Orders have been scaled back before the Vision Pro has launched in markets outside of the United States, which Kuo says is a sign that demand in the U.S. has "fallen sharply beyond expectations." As a...
Apple is finally planning a Calculator app for the iPad, over 14 years after launching the device, according to a source familiar with the matter. iPadOS 18 will include a built-in Calculator app for all iPad models that are compatible with the software update, which is expected to be unveiled during the opening keynote of Apple's annual developers conference WWDC on June 10. AppleInsider...
Best Buy is discounting a collection of M3 MacBook Pro computers today, this time focusing on the 14-inch version of the laptop. Every deal in this sale requires you to have a My Best Buy Plus or Total membership, although non-members can still get solid second-best prices on these MacBook Pro models. Note: MacRumors is an affiliate partner with Best Buy. When you click a link and make a...
Top Rated Comments
All the negative Apple stories on Yahoo are simply plant stories by Wallstreet sharks to drive AAPL down to a point where they can once again buy "cheap". Then they jump back in and the "pump and dump" cycle starts all over again.
Betting on stocks going down should be illegal. Allowing "puts" simply results in pump and dump cycles for short term profits that completely warp stock values simply for short term gain. AAPL over the last half year is the poster boy for this activity.
HP’s New Low-Priced Tablet Puts Even More Pressure On Apple (http://finance.yahoo.com/blogs/daily-ticker/hp-low-priced-tablet-puts-even-more-pressure-154015787.html?desktop_view_default=true)
Why aren't they asking how HP's slate will impact Google Nexus or Amazon Kindle? Because throwing Apple in the headline guarantees someone will click on the article.
I'm not surprised. Demand is high for the new iMacs. A lot of people on MacRumors want to complain that Apple isn't meeting their current 'buying criteria' of more power but the truth of the matter is Apple Inc. is filled with smart minds that know society changes, and so does 'buying criteria.'
Not only are iMac's more powerful, but they are thinner, lighter, simpler and more essential—which is what society wants in a desktop machine going forward. Our buying criteria is more influenced by laptops and tablets than anything else.
I talk about buying criteria in my latest podcast. :) :apple: if you want to learn about it and how businesses use it as an innovation strategy.
That does not mean nobody needs a DVD drive - but those few have the option to get an external one ... no need to put a drive that most people don't need into a machine.
But some people will keep complaining, no matter if they have a real use case ... same happened back than when the floppy drive got removed and people thought 'how can they sell a machine without the really important floppy drive' ...
consumers want skinnier computers with a hump (bootie) in the back :cool: