4 Tech Stock Stories for Astute Investor Download

Apple (NASDAQ:AAPL): Current price $446.05

The analyst Gene Munster at Piper Jaffray says that domestic Mac sales experienced an impressive spike in January because Apple probably satisfied some of the gigantic demand it had seen for its redesigned iMac in the fourth quarter. Mac sales were off by 17 percent in that quarter, a loss that Apple credited mostly to a lack of availability of the new iMacs. Specifically, Apple sold 4.1 million Macs in the last quarter of 2012, which was down from 4.9 million year-over-year from 2011. Chief Executive Tim Cook acknowledgeded that iMac sales were down 700,000 units in the same period, a reduction that would comprise most of the 800,000 fewer Macs Apple sold in the quarter.

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