Piper Jaffray Comments on May NPD Data for Apple (AAPL)
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Piper Jaffray notes May NPD data for Apple (Nasdaq: AAPL) was positive for Macs, with iPods slightly below expectations.
Analyst Gene Munster notes Mac NPD units for the month of May were -3% y/y. The NPD data leads them to a Mac number of 2.2m-2.4m, versus the Street consensus of 2.3m.
iPod NPD units down -18% y/y in the month of May. Munster notes iPod NPD data suggests units of 9.5-10.5m for the June quarter, versus the Street consensus of ~10m.
The firm is maintaining their Buy rating and $180 price target on Apple.
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