Filed under: Apple Financial
Analyst Roundup: Black Friday pretty good for Apple
Apple met or beat analyst expectations for sales over the weekend, selling 13 Macs and 3.4 iPhones every hour, according to one Piper Jaffray estimate.
Kaufman Bros. analyst Shaw Wu said that Apple's Black Friday promotions helped drive retail store traffic, according to reports from distributors. Wu also noted that the iPod touch is sold out at Amazon.com, which leads him to believe that Apple could sell $10 billion worth of products this quarter.
Thomas Weisel Partners' Doug Reid got the impression that Apple sales were up from last year. He was less optimistic about Dell's retail performance at Best Buy locations, noting that salespeople there were not strongly recommending Dell models at 35 stores they checked.
Weisel analysts expect Apple to sell 2.4 million Macs during the fourth quarter.
Deutsche Bank analysts also conducted their own checks over the weekend, and found demand to be "solid," considering the current global economic woes. They expect Apple to sell 5 million iPhones this quarter, and reiterated their "buy" rating and price target of $150 per share.
AAPL was down slightly in morning trading.
![TUAW [Cafepress]](http://www.blogsmithmedia.com/www.tuaw.com/media/tuaw-cafepress-promo.png)
Reader Comments (Page 1 of 1)
Rubbinz said 12:08PM on 12-01-2008
Apple's "Black Friday of Death" deals were craptastic. Better discounts were, and still are, available at Amazon. Which is were I did all my tax free Apple shopping.
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Steven said 12:37PM on 12-01-2008
Is that per store or am I missing some piece of data here?
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Patriks7 said 12:39PM on 12-01-2008
Woo! :) Go Apple!
Many people said that their sale was a joke, but the people at Apple know what they're doing..
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colouroflight said 12:41PM on 12-01-2008
Meanwhile, AT&T still won't let me get an iPhone for a decent price.
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Gregoire said 1:27PM on 12-01-2008
13 Macs and 3.4 iPhones an hour. Time to dump the shares then...
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Jack said 6:30AM on 12-02-2008
I hope that sales rate is PER STORE.
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cranium said 4:06PM on 12-01-2008
daaaayum they sold 81 (and a half?) iphones in one day!?
'G1' what? 'G1' what??
/satire
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