JPMorgan: MacBook sales up .2%; other PCs down 9%
Without budging from his “neutral” rating on Apple, JP Morgan analyst Mark Moskowitz issued a cautiously optimistic report on the company Thursday based on stronger-than-expected MacBook sales in the quarter that ended in March.
Moskowitz is looking for Apple (AAPL) to report that it shipped 2.11 million Macs in the company’s second quarter (up from his earlier estimate of 1.97 million).
Computer sales usually fall after the Christmas quarter; instead, he expects Mac sales to rise a hair — .2 percent — quarter-to-quarter, which is why he is raising his estimates. Apple’s increased sales come against a backdrop of unit sales falling 9 percent sequentially in the broader PC market, according to Moskowitz.
But the analyst sees “soft patches” in the rest of Apple’s businesses. In particular, he has trimmed his quarterly iPhone and iPod sales estimates, respectively, to 1.5 million and 9.68 million (down from 1.62 million and 10.1 million). “Seasonality is having an impact,” he writes. “Also, there could be some slowing in the iPhone ahead of the 3G launch.”
The bigger story, he says, is the timing of the 3G iPhone launch: “As long as there is nothing to suggest that a summer launch of the 3G phone is not a possibility, we would expect investors to look past any near-term disappointment in iPhones.”
Bottom line: He is raising his second-quarter estimates. Revenue: $6.76 billion. Earnings per share: $1.09. The Street is looking for $6.95 billion and $1.06, respectively.
Apple will report its quarterly earnings on April 23.
(Via FORTUNE: Apple 2.0.)
Apple Rumors this Week: Thinner 3G iPhones, All Aluminum Macbooks [Apple]
A few rumors for WWDC have cropped up this week, with nothing but faith to back em up. Most of the facts are obvious progressions and externalizations of the fanboy-tasies, or things known before, but here are some particulars I thought worth passing on:
• TG Daily reports that the 3G iPhone will be in 8, 16 and 32GB flavors from $399-$599 in cost, with a 2.5mm slimmer profile, a tuned accelerometer, but a similar UI.
• Apple Insider claims that the standard Macbook is losing the plastic shell and going all aluminum, like the current Macbook Pros. I’d dropped Kasper a line and although his story is vague, he linked his sources with other previous claims that came true, so I’ll buy it.
Apple to release aluminum MacBook laptops
Apple’s laptop line has been due for a design change for quite some time; not counting the MacBook Air which is an entirely new product. The MacBook and MacBook Pro are due for moderate, if not groundbreaking changes.
The most significant changes will be coming to the MacBook, according to AppleInsider. It will be getting either an aluminum or stainless steel case makeover which would bring its design more in-line with the MacBook Pro.
The MacBook Pro is also set for a design change and will look more similar to the MacBook Air, although, there’s no way Apple can make it nearly as thin. It may get a black backlit keyboard and will have design similarities with the aluminum iBooks as well as the MacBook Air.
All this is to give the Mac product lines a more uniform appearance and will allow Apple to reuse more components on more of its products.
Apple is also said to be preparing the MacBook and MacBook Pros to make use of Intels new “Montevina” platform which will offer processors in speeds ranging from 2.26GHz to 2.8GHz and requires a new logic-board with a “Socket B” processor slot.
If you haven’t purchased that MacBook or MacBook Pro yet, hold off, it will be outdated come the end of the year. On the other hand, if you don’t mind having an “outdated” model, discounts are already being offered.
Apple Notebooks to See Major Design Changes?
Appleinsider claims that the current MacBook and MacBook Pro designs will be retired and are expected to see “major design changes” in their next revision.
The consumer MacBook line is expected to transition from plastic enclosures to aluminum and stainless steel, which are reportedly more “eco-friendly”.
The MacBook Pro will share a similar design transition to bring it in line with existing iMac and MacBook Air designs.