Neil Hughes
Apple's iPhone 6 and larger iPhone 6 Plus will likely perform better in the June and September quarters than previous iPhone models, analyst Gene Munster believes, which will help to propel shares of the company's stock to new highs.
In a note to investors on Friday, the Piper Jaffray analyst called Apple's iPhone 6 product cycle a "fundamentally different" story than previous models. The note, a copy of which was provided to AppleInsider explains that in previous years, Apple's overall smartphone market share was 4 percentage points lower in the June and September quarters than in March.
But he expects that to change this year, and Munster has predicted that sales of the iPhone 6 series will not fall as much in the next two quarters as they have dropped in years past.
Specifically, Munster believes investors on Wall Street are expecting Apple to sell 42.7 million iPhones in the June quarter, and 45.1 million in the September quarter. Based on his estimates of the global smartphone market, he sees those numbers earning Apple 12 percent, and then 11 percent, in the two quarters.
As for the holiday 2015 quarter, expectations are relatively low on Wall Street. According to Munster, consensus calls for the company's December quarter to see sales of 73.4 million iPhone units, which would actually be a decrease from the 74.5 million units Apple sold in the holiday 2014 quarter.
Given those expectations, Munster sees upside potential for investors looking to buy into Apple stock headed into the second half of the year. Piper Jaffray has accordingly maintained its "overweight" rating for AAPL with a $160 price target.
AppleInsider Staff
Malcolm Owen
Oliver Haslam
Andrew O'Hara
Wesley Hilliard
William Gallagher
Christine McKee
22 Comments
Hopefully, with these larger screen iPhones Apple is learning to offer the market more variety. Limiting models made sense when the company was small and struggling in the late 1990s. It makes no sense today. The iPhone, for instance, needs a sports model like the Apple Watch, and a thicker model with an far longer battery life for on the go people. It'd also be great to have a display-free desktop model in the huge gap between the Mac mini and the Mac Pro.
http://www.thesmokinggun.com/documents/stupid/smartphone-debate-ends-with-stabbings-908541
Nothing to do with this article but I just had post it somewhere. It doesn’t say who was the fAndroid and who was the Fanboy. Any guesses?
http://www.thesmokinggun.com/documents/stupid/smartphone-debate-ends-with-stabbings-908541
Nothing to do with this article but I just had post it somewhere. It doesn’t say who was the fAndroid and who was the Fanboy. Any guesses?
I think the guy that struck the other on the back of the head with a beer bottle was the android. He's drinking beer, and hit hit from behind. A cowardly cheap-shot. Typical Fandroid behavior.
The Apple Fan would have used a vodka bottle, and at least had the dignity of hitting him from the front. :)
Hopefully, with these larger screen iPhones Apple is learning to offer the market more variety. Limiting models made sense when the company was small and struggling in the late 1990s. It makes no sense today.
The iPhone, for instance, needs a sports model like the Apple Watch, and a thicker model with an far longer battery life for on the go people. It'd also be great to have a display-free desktop model in the huge gap between the Mac mini and the Mac Pro.
Last thing Apple needs to do is explode their product-line as you suggest. Too much choice is bad as well... just look at the mess Android phones are in. That alone should tell you that Apple's smaller product-line is better to manage and handle.
This ANALysts do not know what they are talking about. The iPhone will not buck seasonal trends and will sell like crap.
Oh wait, we only hate them when they say things we don't like.