Apple Expected to Sell 4.63m Macs, 12m iPads in Record Quarter
By on September 28th, 2011

A few days ago, MacStories had discovered that Apple had announced that they will announce their Q4 financial results on October 18th at 2PM PST. Today, Analyst Charlie Wolf with Needham Research predicts that Apple will report sales of 4.63 million Macs and 12 million iPads in its September quarter. Both of these would be records for the company, which topped off at 9.25 million iPads last quarter, and 4.1 million Macs last December.

Needham Sep11

In addition, Wolf’s Mac predictions are up from  his previous forecast of 4.4 million, despite a weak overall PC market. He cited surveys  that indicate Mac sales in the September quarter were stronger than previously expected.

Earlier this month, NPD Group released domestic sales figures that showed Apple on track to sell 4.5 million Mac this quarter. Mac sales were up 22 percent year over year in the US.  Wolf also expects that the sales of iPads to end users will be around 9 million for this quarter, with total sales into the channel of 12 million. This would be a major improvement from the June quarter. He also expects that Apple will report sales of about 17 million for iPhone sales, which would be a decline from last quarter’s record 20.34 million iPhones sold.

Needham predicts that Apple will report fourth-quarter earnings-per-share of $7.37, with total fiscal 2011 EPS of $28. For 2012, the firm expects EPS of $33. It has maintained a price target of $540 for Apple’s share price.

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Author: Parth Dhebar
Parth Dhebar is a 18 year-old entrepreneur. He is the founder of Simple Reviews, a blog focused on reviewing iPhone and iPad applications. Parth is a recognized name in the industry, known for covering Apple news. He is an editor at Techie-Buzz covering news on Apple. You can follow him on Twitter @pdparticle.

Parth Dhebar has written and can be contacted at parth@techie-buzz.com.
 
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