Piper Jaffray analyst Gene (No relation to Grandpa) Munster today issued a new report that shows Apple’s U.S. Mac sales grew 14% year-over-year in the January-February timeframe. While this is down from the 31% growth seen in January alone, it still displays solid numbers as Apple’s iMac supply shortages appear to be easing.
Munster, via MacRumors:
We have analyzed domestic NPD retail data for the months of January and February which suggests Mac sales were up 14% y/y through the first two months of the March quarter. As we have previously discussed, we believe the Y/Y improvement is driven by Apple beginning to improve supply of iMacs as the company noted the product was 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 in December was likely supply).
In the face of the strong performance, Munster continues to stand by his estimate of an overall 5% decline in worldwide Mac sales for the quarter.
The iPod didn’t fare as well, with the two-month period seeing sales down 16% year-over-year. Munster had projected a 17% decline. iPod sales had been up 3% for January.
Despite Apple’s stronger Mac sales, the iPhone and iPad continue to carry the most weight in Apple’s product portfolio. Macs accounted for just 10% of Apple’s revenue last quarter, while the iPad weighed in with 20% of the revenue, and the dominant iPhone lead the way with a 56% piece of the revenue pie.
