14 DAY TRIAL // In a note to clients issued today, Needham analyst Charles Wolf reveals that Apple has grown significantly in the computer market, with Mac share doubling in large business, and tripling in government.
Analyst Charles Wolf has broken down IDC numbers on Apple's Mac sales for June, Fortune reports. The analyst shows surprisingly high growth in government spending - 0.
Some of Wolf’s findings are listed in the report, as shown below:
- At 35%, Mac shipment growth in June easily exceeded the market's growth rate of 20.9%.
- Mac shipments grew 31.4% in the home market, topping the market's growth rate of 25.2%.
- At 49.8%, the Mac's growth in business was three times higher than the market's 15.7%.
- Mac shipments in government grew 200%, sixteen times faster than the market's 12.1%.
In the European home market, Apple's unit share more than doubled between Q1 and Q2, the analyst showed. The Mac maker’s dollar share more than tripled, he said.
What drives this growth is the iPhone, the analyst claims.
"The key driver, appears to be the iPhone,” Wolf wrote.
“The iPhone holds a higher share in the European smartphone market than it does in the U.S. because it is distributed through multiple carriers in most countries in this region.”
“In addition, the halo effect emanating from the iPhone is undoubtedly stronger than the iPod halo effect," Wolf added.
Charles Wolf, who earned his AB, MBA and DBA degrees from Harvard, joined Needham & Company in 2000.
Currently occupying the position of Senior Analyst of Digital Lifestyle, Wolf is well known for his two signature publications, Wolf Bytes and Wolf Bits, which provide in-depth analysis of industry issues.
Before working for Needham, he was an analyst at UBS Warburg. There he covered the PC and enterprise hardware industries from 1998 to 2000.
Wolf is also co-author of The Role of Private Placements in Corporate Finance, published by Harvard University Press.