iPhone, iPad 2013 sales estimates cut by analyst

Uncategorized | Saturday December 8 2012 9:09 AM | Comments (0) Tags: , , , , ,

iPhone, iPad 2013 sales estimates cut by analyst

(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. Sales estimates for the iPad were cut by 2 million for the same period.

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 unit sales estimates, 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 barrierApple shares continue decline, slide another 6 percent… [Read more]

iPhone, iPad 2013 sales estimates cut by analyst

iPhone, iPad 2013 sales estimates cut by analyst

iPhone, iPad 2013 sales estimates cut by analyst

iPhone, iPad 2013 sales estimates cut by analyst

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