Friday, December 17, 2010

Apple (NASDAQ:AAPL) Enjoying Strong Sales in Most Segments

Apple (NASDAQ:AAPL) has been enjoying strong sales this Christmas season, as their MacBook Air and iPod sales continue to soar, with some spot shortages.

"We continue to pick up spot shortages of the iPod nano and some iPod touches as well as tight supply of new MacBook Air, driven by strong demand. In addition, our checks indicate that iPad and iPhone momentum is stronger than we expected helped by broader geographic availability and higher production levels," said Kaufman.

Analyst Shaw Wu raised his sales estimates for Apples major products in their fiscal first quarter. For Mac computers, he increased it from 4 million units sold to 4.2 million. For iPads, he upwardly revised units sold from 5.5 million to 6.1 million. For iPhones, from 15.5 million to 16 million, and for iPods, from 16 million to 17 million.

He also raised revenue estimates from $23 billion to $24.2 billion, and EPS estimates from $5.12 to $.36 for the first quarter.

Apple closed Thursday at $321.21, up $0.89, or 0.28 percent. Wu raised his price target on Apple from $380 to $395.

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