Apple (AAPL): Macs On Fire
March 18, 2008 by Douglas A. McIntyreIf research firm NPD Group is to be believed, the Apple (NASDAQ: AAPL) Mac had 14% of PC sales in the US in February and 25% of the revenue share.
According to Apple Insider "The results — first revealed in an investor note from Pacific Crest Securities analyst Andy Hargreaves on Monday — represent 60 percent unit growth and 67 percent revenue growth over the same period one year ago. At the same time, overall US PC retail shipments grew just 9 percent on a 5 percent increase in revenues."
The information is probably not particularly good for Hewlett-Packard (NYSE: HPQ), and is probably especially bad for Dell (NASDAQ: DELL).
Unless iPod sales have dropped through the floor, the Mac info would indicate Apple is trading much too low.
Douglas A. McIntyre
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