iPhone shipments hit at least 29 million last quarter, says analyst

Uncategorized | Wednesday July 10 2013 10:43 PM | Comments (0) Tags: , , , , , , ,

iPhone shipments hit at least 29 million last quarter, says analyst

(Credit: Apple )

Apple could surprise many a Wall Street analyst with calendar second-quarter iPhone shipments of 29 million.

The shipment figure projected by Morgan Stanley analyst Katy Huberty surpasses the consensus estimate of 26.5 million. And the number could reach much higher, Huberty revealed in an investors note released on Wednesday.

“Demand data from our AlphaWise Smartphone Tracker and U.S. Telecom analyst Simon Flannery’s estimates, and supply chain checks by our Asia/Pac Tech analyst Jasmine Lu all suggest 29-32M iPhone shipments,” the analyst said.

Based in part on strong demand for discounted iPhones, Huberty believes Apple ‘s second-quarter revenue and earnings will both outshine the consensus forecast. The analyst is looking for revenue of $36 billlion, compared with the consensus of $35.1 billion.

However, the third quarter of the calendar year doesn’t appear as rosy. Consensus estimates for the current quarter’s revenue are actually too high in Huberty’s opinion, especially given the history of iPhone buying ahead of a new product launch. Apple is expected to kick off its next-generation iPhone in September just toward the end of the third quarter.

Huberty is eyeing overall revenue of $33.5 to $35.5 billion this quarter, below the consensus of $37.8 billion.

Peering into her crystal ball, the analyst expects Apple to launch the iPhone 5S, a mid-market iPhone , and a … [Read more]

iPhone shipments hit at least 29 million last quarter, says analyst

iPhone shipments hit at least 29 million last quarter, says analyst

 

iPhone shipments hit at least 29 million last quarter, says analyst

 

iPhone shipments hit at least 29 million last quarter, says analyst

 

iPhone shipments hit at least 29 million last quarter, says analyst

 

iPhone shipments hit at least 29 million last quarter, says analyst

iPhone shipments hit at least 29 million last quarter, says analyst

iPhone shipments hit at least 29 million last quarter, says analyst

iPhone shipments hit at least 29 million last quarter, says analyst

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