Mac Sales To Government Up 200% (AAPL)

Apple

had quite the June quarter for Mac sales. Needham & Company analyst Charlie Wolf studied sales figures for the period and found Mac sales to business increased 49.8% year-over-year. Even more astounding, Mac sales to government increased a whopping 200.8% from last year's quarter. This spike, however, could be an aberration if Apple secured a large contract during the period. For the quarter, Mac sales grew 31.4% overall compared to 20.9% for the rest of the PC market. Shares of Apple are struggling today, down $2.68, or 1.07%, to $246.96. Is AAPL a Buy, Sell or Hold? Click