Piper Jaffray’s Gene Munster this afternoon offers an update on how Apple’s (AAPL) December quarter sales are going for its Mac line, based on data from NPD for November for U.S.-only sales.
Munster maintains his estimate for 5.1 million to 5.3 million Macs to be sold this quarter, worldwide, in line with the Street consensus of 5.2 million units, based on a combined 13% increase in Mac sales by units in October and November in the U.S.
The NPD data are “soft” compared to that consensus estimate for 25% growth in the quarter, which is in part unsurprising, he writes, because year-ago sales for October and November had each been up 20% and 19%, respectively, setting a high bar for both months this year.
However, Munster also observes that 48% of Mac sales came in the month of December in the year-ago quarter, so there’s still plenty of potential for Mac sales this month.
Munster has an Overweight rating on Apple shares and a $607 price target.
Apple shares today are down $2.33, or 0.6%, at $391.25.
Previously: Apple: MacBook Air a $7B Business, Says JP Morgan, December 12th, 2011.
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