Apple iMac Sales: A lot of people, including Apple Inc. (NASDAQ:AAPL) itself, were disappointed with iMac sales during the holiday quarter. After all, this is the time of the year when most companies hope to see a bump in sales across the board. Unfortunately for the Cupertino-based company, this was not how things worked out for its iMac lineup.
Apple Inc. (NASDAQ:AAPL) is actually the smart money’s second favorite publicly traded company but hedge funds have started dumping Apple Inc. (NASDAQ:AAPL) in favor of a surprising financial stock (see which stock hedge funds are buying like crazy).
However, it appears that things are getting better. According to AppleInsider, the NPD Group is showing a “14% year over year increase in January and February.”
According to analyst Gene Munster of Piper Jaffray, the main reason for this growth is simple: the all-in-one iMac desktop is available in larger numbers. With increased supply has come increased sales. It doesn’t get any easier than that.
The same article goes on to add the following:
“Munster’s forecasts still call for total global Mac sales for the March quarter to be down 5 percent year over year, though he admitted there is room for “some slight upside,” given the latest sales estimates. He projects that Apple will sell 3.8 million Macs in the three-month span.”
When you compare the present to what has happened in the past, it is easy to see that Apple Inc. (AAPL) iMac sales are moving in the right direction. After all, “sales were down 700,000 units year over year in the December quarter as Apple faced apparent issues with production.”
The NPD Group also shared some information regarding iPod sales, showing a decline in domestic sales of 16 percent, year over year, during the months of January and February. Munster feels that iPod sales will be down roughly 17 percent for the quarter.
It is nice to see that Apple Inc. (AAPL) iMac sales are strengthening on the heels of improved supply. It will be interesting to see if this trend continues throughout 2013. What are your thoughts? Share your opinion in the comment section below.
Check back here for more updates on Apple iMac Sales.
DISCLOSURE: I have no positions in any stock mentioned.
For more news stories, visit these pages: