Tracking of Apple’s component purchases from the overseas supply chain shows the company with an 87% year-over-year increase in May, Ticonderoga Securites analyst Brian White told clients in a note, as reported by “AppleInsider” (http://www.appleinsider.com).
The estimate shows Apple’s sales for May up 10% month-over-month, a number well above the average 2.2% month-over-month increase the company has traditionally seen over the last six years; the article adds.
If Apple delivers just its average performance in June of a 0.8% increase month over month, he estimates sales will rise by 18 percent quarter-over-quarter, above the six-year average June quarter increase of 15%, says White. Apple’s third quarter of the company’s fiscal 2011 ends this month and Apple will report its earnings from the current quarter in July. In the same frame last year, Apple saw a 77% year-over-year increase in profits, driven by then-record sales of 3.47 million Macs, notes “AppleInsider.”