Katie MarsalFollowing overseas meetings with members of the Taiwanese PC and consumer electronics supply chain, analysts for investment bank Citigroup said they have high convictions that Apple intends to roll out a 3G iPhone during the second quarter of the year.
The Citigroup analyst also noted that macroeconomic concerns appear to have had no impact on industry-wide notebook build orders, which remain consistent with normal seasonal patterns.
He added that, "Several vendors, including HP and Acer, appear poised to introduce new low-priced notebook models in [the second calendar quarter] with retail prices as low as $300-$400."
Separately on Tuesday, Caris & Co. analyst Shebly Seyrafi issued a note to clients maintaining his Above Average rating on Apple but cutting his price target on shares of the company from $165 to $155, reflecting lower iPhone and iPod orders, as well as perceived weakness in consumer spending.
He also issued reductions to both his fiscal 2008 and fiscal 2009 iPhone and iPod unit estimates. iPhone expectations were cut from 11.7 million and 22.3 million to 8.9 million and 17.7 million, respectively, while iPod units were trimmed from 54.6 million and 61.2 million to 52.1 million and 57.3 million.
For calendar year 2008, Seyrafi still expects Apple to meet its goal of selling 10 million iPhones, but said it's unlikely that the company will apply any sizable near-term pressure to the industry's more established players.
"This Thursday [...] Apple will be discussing its SDK (software development kit) roadmap and will be discussing some enterprise features. The SDK may allow more enterprise applications (from the likes of IBM, Oracle, and Saleforce.com, for example) to be used on the iPhone," he wrote. "Still, we think that the enterprise smartphone market will, for the foreseeable future, be dominated by RIMM and Nokia."
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Separately on Tuesday, Caris & Co. analyst Shebly Seyrafi issued a note to clients maintaining his Above Average rating on Apple but cutting his price target on shares of the company from $165 to $155, reflecting lower iPhone and iPod orders, as well as perceived weakness in consumer spending.
He also issued reductions to both his fiscal 2008 and fiscal 2009 iPhone and iPod unit estimates. iPhone expectations were cut from 11.7 million and 22.3 million to 8.9 million and 17.7 million, respectively, while iPod units were trimmed from 54.6 million and 61.2 million to 52.1 million and 57.3 million.
Ouch. Stevie, 3G iPhone... STAT!!! \
Very preferably with MMS, video capture, voice dialing, etc. included. Y'know, all the good stuff that el cheapo cellphones now have on them standard.
Plus, throw on the kind of camera that users expect a high-end phone to have. After all, its supposed to be a multifunction device, not a "Well, just get a separate camera if you want to take good pictures" device.
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I'll be on that line!
What dates define the 2nd quarter? Could this Thursday's SDK meeting actually be the one where we see the 2nd gen. iphone?
Please "financial" institutions, please come out with more late breaking 3G iPhone news close to stock market closing, as to bump up AAPL by two or three bucks a day and within a month, we can get the stock back to $199.00 - said "tongue in cheek"!
What dates define the 2nd quarter?
Article says second calendar quarter, so April 1 - June 30.
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