Mac retail sales in the U.S. are up 37% year-over-year for the quarter through May, according to NPD Group data analyzed by Piper Jaffray's Gene Munster, who just published the new data in a note.
That's better than the 19% year-over-year growth (3.1 million units) the Street is predicting for the June quarter. So unless Mac sales hit a wall in June, Apple should have some Mac upside in the June quarter, plus all the benefit of the iPad.
Meanwhile, the iPod business is looking soft. NPD data suggests 9 million to 10 million shipments for the June quarter, or roughly in line with the Street's expectations of about 9.5 million. But Munster notes that international mix of the iPod is higher than the Mac business, which means U.S.-based NPD data isn't as strong of an indicator.
Big picture, it looks like the iPad isn't cannibalizing the Mac business -- at least not significantly -- but is slightly cannibalizing iPod sales.
But that's okay -- the iPod business hasn't been Apple's growth driver in years; now the iPhone, iPad, and Mac are leading Apple's growth.
Disclosure: No positions