Easy comps from last year’s consumer recession are making Apple’s March quarter look good already, according to NPD data via Piper Jaffray analyst Gene Munster, who just sent out a note.
- January Mac retail sales up 36% year-over-year, while Street consensus for this quarter is 18% year-over-year growth.
- iPod sales up 5% year-over-year, above Munster’s model of -17% year-over-year.
- “While it is way too early to make a call on the quarter, we believe the Jan. NPD suggests the quarter is tracking ahead of Street consensus.”
- Munster thinks Apple can deliver Mac sales of 2.6-2.8 million, up 18% to 26% this quarter, above the Street at 18%.
- Munster thinks Apple will see March quarter iPod sales slowing to 9-10 million, or roughly -9% to -17% y/y this quarter, versus the Street at -17%.
- Easy comps will continue for the next several months.