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Canaccord ups its estimate of Apple iPhone and Apple iPad sales for December quarter

Posted: , by Alan F.

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Canaccord ups its estimate of Apple iPhone and Apple iPad sales for December quarter
An analyst for Canadian securities house Canaccord Genuity, has just raised his estimate of Apple iPhone and Apple iPad sales for the current quarter. Analyst Michael Walkley said in a note to clients that sales of the full-featured Apple iPhone 5s have been strong as have been sales of the Apple iPad Air. Walkley sharpened up his pencil and raised his estimate of iPhone sales for the three months that ends in December to 52 million units from 51.5 million.

At the same time, the analyst increased his estimate of Apple iPad sales to 24.7 million from 24.3 million. He expects the company to report $57.5 billion in revenue for the period with a 37.3% gross margin, and an earnings per share total of $14.05 a share. He also looked back at the quarter that ended in September and calculated that 56%of the smartphone industry's profits belonged to the Cupertino based firm. Samsung was next with 53% of the profits. Yes, the combined figure is over 100% because of operating losses generated by BlackBerry, HTC, LG, Motorola and Nokia.

After taking a survey of the four major U.S. carriers, Walkley found that they all had the iPhone 5s on top of their best seller list for September and October. AT&T had the Apple iPhone 5c second while Verizon had the latter as its third top selling smartphone after the Samsung Galaxy S4. The survey also revealed that lead times have dropped to 1 to 3 business days for iPhone 5s models not in stock, down from as long as 6 weeks seen after the launch for some variants of the iPhone 5s. In fact, the gold model remains a touch catch even though Apple hiked production of the unit by 33% shortly after the launch of the phone.

Lastly, Walkley's analysis of the supply chain tells him that the Apple iPad mini with Retina display will remain in short supply for the entire fourth quarter. Apple is running into problems procuring enough Retina display panels for the slab due to production problems at Sharp, which has suffered from LCD burn-in with its display.

source: Forbes

8 Comments
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posted on 14 Nov 2013, 21:08 2

1. woodshop20 (Posts: 459; Member since: 14 Sep 2013)


Only in US are users still so loyal to the iPhone. Where I live, I haven't seen a single person with the 5s or 5c. The few users that still have iPhones are still sporting older models like the 4 and 4s. They simply don't see the new iPhones as enough of an upgrade, not to mention their high price.

posted on 14 Nov 2013, 21:16 1

2. g2a5b0e (Posts: 2729; Member since: 08 Jun 2012)


Actually, no. Japan has an even higher iOS percentage than the US. It is the only country where iOS users outnumber Android users.

posted on 14 Nov 2013, 21:36

3. rantao333 (Posts: 277; Member since: 21 May 2013)


yea, i wonder why the countries with advanced technology prefer IOS rather than android..

posted on 14 Nov 2013, 22:04 3

5. Diezparda (Posts: 218; Member since: 23 Oct 2013)


More like Japanese people prefer looks over features or functionality, and Apple product was very iconic, fashionable and well known as expensive premium brand.

posted on 14 Nov 2013, 21:51

4. woodshop20 (Posts: 459; Member since: 14 Sep 2013)


Really? Why? I thought they would support their own brands, like Sony and Panasonic etc.

posted on 15 Nov 2013, 00:14 1

7. xfire99 (Posts: 570; Member since: 14 Mar 2012)


48.6% iOS vs 47.7% Android and call this outnumbered? -.-

posted on 15 Nov 2013, 09:04 2

8. g2a5b0e (Posts: 2729; Member since: 08 Jun 2012)


Perhaps you don't understand the definition of the word. I'll spell it out for you then.

outnumber: be more numerous than

I'm pretty sure 48.6 vs. 47.7 fits the bill. Any other words in the English language you need help understanding?

posted on 14 Nov 2013, 23:33

6. Finalflash (Posts: 1912; Member since: 23 Jul 2013)


And watch this guy be the most disappointed when everything hits the mark and doesn't exceed his expectations by infinity million percent.

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