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Apple: Credit Suisse Ups Estimates on iPhone, Mac

July 10, 2009
by Tiernan Ray
Blogger, Barron's, Tech Trader Daily

Tiernan Ray

Personal computer sales in the June quarter were probably about average for this time of year, writes Credit Suisse analyst Bill Shope this morning in a note to clients, and he expects Apple (AAPL) to be “best in show” among PC vendors in the quarter.

Best in show is a term you give to dogs, but I’m sure that wasn’t the implication here.

Shope is expecting a 3 percent quarter-over-quarter decline globally in PC units in the three months ended in June, and he notes that Gartner (IT) will unveil a preliminary read on June-quarter PC sales next Thursday, July 16. For the second half of the year, he sees an 8.5 percent pickup in PC units, which is certainly an improvement but below the 10.1 percent average increase over the last decade, he notes.

Read the rest of this post on the original site

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