Lehman analyst, Tim Luke, pointed out in a note today, that new data from market research firm NPD shows Mac sales up a reported 50% on a year-over-year basis in May, ahead of the 37% of the second quarter growth that they had expected.
Sales of iPods were also up 11.6% in May, about 3% less than the previous month, yet sales were still well ahead of Lehman’s projected 2% year-over-year decline.
“While not exactly strong, iPod demand seems to be holding up and benefiting from the lack of iPhone availability (lack of cannibalization near-term),” Luke writes. “We expect iPod demand to weaken as iPhone demand picks up, but view the current trends as positive for AAPL’s fiscal 3Q08.” via Barrons.
Keeping with the good news, Apple stock rose $4.59, or 2.6% to $181.50 today.
