Analyst: Apple Will Beat iPhone Sales Expectations
Will Apple’s (NASDAQ:AAPL) higher-than-expected iPhone sales in the June quarter help the Cupertino-based company beat Wall Street’s expectations? Although the consensus estimate for iPhone shipments in the June quarter is about 26.5 million, Morgan Stanley analyst Katy Huberty believes that Apple may have actually shipped between 29 and 32 million iPhones, reports Apple Insider.
Huberty bases her prediction on data from Morgan Stanley’s AlphaWise Smartphone Tracker, as well as from supply chain checks by Asia-Pacific analyst Jasmine Lu. According to Huberty, overall iPhone sales were boosted by strong demand for the iPhone 4 and iPhone 4S.
Thanks to the strong sales for the iPhone, Huberty anticipates that Apple will beat the consensus revenue estimate for the June quarter. The analyst predicts revenue of over $36 billion, significantly higher than the market consensus of $35.1 billion. Huberty also thinks that Apple shipped 3.9 million Macs and 18 million iPads.
However, Huberty is less optimistic about the current quarter. Huberty thinks that consensus estimates for the September quarter are too high. Since Huberty believes the new iPhone won’t debut until the end of the quarter, she predicts revenue between $33.5 billion to $35.5 billion, which is below the September quarter consensus estimate of $37.8 billion.
Regarding upcoming products, the analyst predicts via CNET that Apple will launch the iPhone 5S, along with a mid-range price iPhone, in September. She also anticipates a new iPad launch this fall. Next year, Huberty believes Apple may debut an Apple television product or the iWatch.
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