Tuesday, September 11, 2012

Analysis Apple stock prices for september 12 2012

Analysis Apple stock prices for september 12 2012 : You can hear investors holding their breath ahead of Apple's (AAPL) introduction of its new iPhone Wednesday. In contrast to Monday, when shares of Apple fell 2.6% as investors sold ahead of the news, Tuesday Apple shares are going nowhere. The stock closed down a miniscule 0.32%.

Gene Munster, an analyst at Piper Jaffray, issued the projected sales on Monday. He revealed that the latest domestic sales data that came from the NPD group shows US sales has gone down by 7% year over year through the initial two months of September quarter.

However, in both March and June quarters of 2012, Apple Inc. (NASDAQ:AAPL)’s total sales outdid NPD’s domestic sales figure by 12% points. Based on that, Muster is predicting that Mac sales will go up by 5% year over year in the September quarter.

Apple’s last record for the September quarter came last year, when the company had reached sales of 4.9 million Macs. Apple’s all-time record came in the holiday quarter of 2011. At that time, Apple had sold 5.2 million notebooks and desktops.

5% growth would bolster Apple to a new record in the September quarter, but it is also less growth than the company has been used to see in recent times. Munster has acknowledged that Mac sales have been poor ever since the year begun, but the significance of iPad and iPhone reaching Apple’s bottomline, he does not expect that investors should be bothered about trend of Mac sales.

Apple is hosting an event, most probably for iPhone 5, on Wednesday. Muster feels that this is the next important event for the stock, considering the slackening role of the Mac in Apple’s business.

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