Mike Abramsky with RBC Capital Markets sees Apple easily beating Wall Street forecasts for iPad 2 sales, with the second-generation device reaching between 2 million and 3 million units moved in the quarter. In all, he sees 7 million iPads being sold in the second quarter of fiscal 2011, a three-month span where the iPad 2 was on sale for less than a month.
RBC Capital Markets conducted a survey of 2,000 respondents between March 14 and 23, which found that 28 percent of those polled plan on buying an iPad 2. That's 40 percent higher than those who were interested in buying the first-generation iPad from a survey conducted last May.
Accordingly, Abramsky has adjusted his iPad 2 sales estimates for 2011 to 31 million, up from his previous prediction of 25 million. Those numbers would help Apple's revenue grow 57 percent year over year, to $102 billion.
Abramsky also sees Apple selling 17 million iPhones, which would be yet another record for Apple. In the previous holiday quarter, Apple posted a personal best with 16.2 million iPhones sold.
The second quarter of fiscal 2011 saw the launch of the CDMA Verizon iPhone 4, which Abramsky believes was a strong seller in the three-month span. He has estimated that Apple sold about 2 million of the Verizon iPhone in the quarter.
The analyst has also called for Apple to report sales of 3.6 million Macs, bolstered by the popular, redesigned thin-and-light MacBook Air. He believes Apple sold about 700,000 of the MacBook Air during the last quarter.
Apple is set to reveal its quarterly earnings for the second fiscal quarter of 2011 on a call next Wednesday, April 20. The call will begin after the market closes, at 5 p.m. Eastern, 2 p.m. Pacific.
26 Comments
In an older thread we had already discussed that Apple had probably sold around 2.5 million iPads thru the end of March. I imagine this analyst was using that same report, at least in part, as a basis for his projection. I don't think sales of 2-2.5 million iPad2's would exceed the expectations at this forum. Most analysts in a report released last week had agreed on a range of 6.5-8 million iPads sold in the 2nd quarter, tho some had gone much higher than that, 10 million or more.
Interesting on the iPhone projection tho. I wonder if they'll break out the number of 3GS compared to 4G. With the 3GS selling for $49 at ATT, it might give some guidance on what impact a less-expensive iPhone would make.
another blockbuster quarter. My shares will soon be worthless...
Best to do own's research and at the most take these experts' opinion with skepticism. There is a lot of public info and just go around Apple stores and see if the stuff is selling. I am still waiting for my iPad2.
Anyway, the PE is so low... only 12.
My numbers are a bit higher for the iPhone. The equations I developed show 19 million iPhones, 3.9 Macs, and 10.5 iPods. The iPads number of 7 million seems right to me. I can't calculate the iPad numbers because there are no historic data prior to Q3 2010.
28% said they were going to buy an ipad2, 40% more than said they would buy an iPad1.
Hmm...
While there are various things they could mean by saying that, some mathematically amusing why not just say last year's percentage.