iPhone 5, iPad demand may be softening, says analyst

Uncategorized | Saturday March 2 2013 4:58 AM | Comments (0) Tags: , , , , ,

iPhone 5, iPad demand may be softening, says analyst

Apple 's iPhone 5.

(Credit: Apple )

Are the iPhone and iPad losing some of their steam? At least one analyst thinks so.

Citi analyst Glen Yeung believes that end-user demand for the iPhone 5 and the iPad are declining. In an investors note out today, the analyst pointed to a reduction in component orders from Apple suppliers as the cause for his bearish assessment.

“In conducting our regular field work with the hardware supply chain, we again find evidence of reduced demand to Apple ‘s suppliers for iPhone 5 related components,” Yeung said in his note. “While production does not directly translate to sales (for example, we estimate Apple finished 1Q13 (Dec) with [around] 10M iPhone units in inventory), we suspect this is an indication of softer demand for iPhone 5 and iPhone 4S.”

As a result, Yeung has lowered his iPhone unit sales estimaes for the current quarter to 34 million from 35 million. Wall Street is eyeing around 37 million in sales. Yeung’s June quarter estimate remains the same at 25 million, which is below Wall Street’s consensus of 32 million.

The analyst does suggest that the reduced supplier orders could be a result of Apple clearning iPhone 5 inventory ahead of the launch of the iPhone 5S. But he only expects around three to four million iPhone 5S handsets to be built during the June quarter. So he still sees softening demand as the primary cause for the… [Read more]

iPhone 5, iPad demand may be softening, says analyst

iPhone 5, iPad demand may be softening, says analyst

iPhone 5, iPad demand may be softening, says analyst

iPhone 5, iPad demand may be softening, says analyst

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