Analyst: iPad, iPhone, Apple to feel squeeze in 2013

Uncategorized | Saturday December 15 2012 4:58 PM | Comments (0) Tags: , , , , , ,

Analyst: iPad, iPhone, Apple to feel squeeze in 2013

(Credit: CNET)

Apple faces a few challenges that could take a bite out of iPhone and iPad sales next year, at least in the opinion of one analyst.

In an investors note out today, UBS analyst Steven Milunovich slashed his iPhone sales estimates for the March, June, and September 2013 quarters by 5 million units each quarter. Sales estimates for the iPad were cut by 2 million per quarter for the same three periods.

The analyst now expects Apple to sell 41 million iPhones in the March quarter, 36 million in the June quarter, and 33 million in the September quarter. iPad sales are forecast at 21.7 million in the March quarter, 24.5 million in the June quarter, and 20.7 million in the September quarter.

In line with the lower estimate for unit sales, Milunovich also trimmed his earnings estimates for Apple for fiscal 2013 and 2014 and lowered the stock’s target price to $700 from $780.

Related storiesJefferies cuts Apple stock target, cites iPhone 5S and moreApple’s stock crosses the $700 barrier… [Read more]

Analyst: iPad, iPhone, Apple to feel squeeze in 2013

Analyst: iPad, iPhone, Apple to feel squeeze in 2013

Analyst: iPad, iPhone, Apple to feel squeeze in 2013

Analyst: iPad, iPhone, Apple to feel squeeze in 2013

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