Is Apple Accelerating to ACHIEVE A New Milestone?

Apple (NASDAQ:AAPL) looks likely to sell 5.1 million Mac computers in the September-ending quarter, a number that would be record-breaking for the company. Piper Jaffray analyst Gene Munster made the sales projections on Monday, citing domestic sales data from the NPD Group.

Don’t Miss: Will Apple’s E-Book Battle Get Uglier?

Munster wrote that while the research group found U.S. sales were down 7 percent year-over-year through the first two months of the quarter, in both the March and June quarters this year, Apple’s total sales outpaced NPD’s estimates by 12 percentage points. By extrapolation, Munster estimates that Mac sales will be up 5 percent year-over-year to total 5.1 million units.

Apple sold 5.2 million units of its computers in the December quarter last year, which is its current record. Its September quarter record is for 4.9 million units, which also came last year.

Munster also said that the inherent importance of the iPhone and the iPad to Apple’s bottom line means that any shortfalls in Mac sales will be easily offset. “Apple is holding an event likely for the iPhone 5 on Wednesday, which will be the next significant event for the stock,” the analyst wrote.

Apple is expected to announce several big updates for the Mac line this fall, including a rumored 13-inch MacBook Pro with Retina display. Computer sales also received a boost for the company in the June quarter, when Apple refreshed its MacBook Pro and MacBook Air lineups and unveiled the 15-inch MacBook Pro with Retina display.

Don’t Miss: Here’s How Apple Could Save the U.S. Economy.

Apple has been a huge winning stock pick for Wall St. Cheat Sheet Newsletter subscribers. Don’t waste another minute — click here and get more of our CHEAT SHEET stock picks now.

More Articles About:   , , , ,  

More from The Cheat Sheet