Few analysts were prepared to call Apple's Black Friday performance a blowout, but in general they thought consumers responded well to Apple's products and pricing last week.
Gene Munster of Piper Jaffray, Shaw Wu of Kaufman Brothers, and Maynard Um of UBS have weighed in with their thoughts on Apple's sales during the first official shopping day of the holiday season.going into the weekend, which many had thought would be dismal given the economic environment.
But theas some had feared. And despite sticking with its historical Black Friday discount strategy , Apple fared well, according to Munster. Checks at various Apple retail stores indicated that "Mac sales were better than expected" and iPhone sales were about in line with expectations, he wrote in a research note Monday.
Kaufman's Wu wrote, "Despite modest 5 percent-10 percent discounts by AAPL itself through its retail stores and website, our distributor and retail checks indicate strong foot traffic at AAPL stores and that iPods and Macs did fairly well, helped by bigger promotions by third-party retailers and." There had been reports that Apple was planning to discount its products more steeply than in the past in response to concerns over the health of the economy, but the company stood pat.
UBS' Um also noted that Apple resellers, such as Best Buy and MacMall, were willing to discount prices more aggressively than Apple as well as apply discounts to products that Apple wouldn't touch in its own stores, such as the MacBook Pro and MacBook Air.