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JP Morgan revises Q4 iPhone estimate: "Santa's sleigh needs more room for iPhones"

Posted: , by Victor H.

JP Morgan revises Q4 iPhone estimate:
Investment bank JP Morgan revised their estimate for iPhone shipments during this Holiday quarter, increasing them noticeably to the whopping 28 million. Apple’s revenue is now projected at $38.69 billion, enough to make JP Morgan analyst Mark Moskowitz exclaim: “Santa's sleigh needs more room for iPhones."

The previous forecast placed Holiday quarter iPhone shipments at 25.3 million, a difference of nearly 3 million before and after. Moskowitz also mentions that US carriers were literally “surprised” to see the huge and growing demand for the iPhone 4S, while iPhone 4 and 3GS sales remained strong as well.

If JP Morgan’s analysis comes close to the truth, this Holiday quarter ending in December will be the best for Apple, beating its previous record in Q2 by a large margin. In the second trimester of the year, Cupertino sold 20.3 million iPhones.

JP Morgan’s report is more optimistic than the average opinion of the Street where Apple’s revenue is expected to near $38.02 billion with $9.78 earnings per share (EPS). Moskowitz in contrast places EPS at $9.87.

With the bump in Holiday sales estimates, the report also revised the 2012 and 2013 outlook for Apple. In 2012, Moskowitz said expectations were for 105.5 million handsets sold, while for 2013 that number is to jump to 121.7 million.

Interestingly, JP Morgan cooled down its iPad forecast to 13 million, down from 13.3 million, citing “limited uplift in build quality” as the reason. Another small factor contributing to the revised number is the impact of the Amazon Kindle Fire which he described as having better-than-expected momentum with those looking for a cheaper tablet.

Do you agree with the investment bank’s revised statement about Apple’s Holiday sales? How do you think the company will do this trimester?

source: JP Morgan via AppleInsider

10 Comments
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posted on 01 Dec 2011, 02:30 4

1. The_Miz (Posts: 1496; Member since: 06 Apr 2011)


First. People want a capable device for Christmas. And Apple devices are extremely popular. Other than getting sweet pleasure from my girl, I want an iPad for Christmas.

posted on 01 Dec 2011, 02:37 2

2. aruegas (Posts: 9; Member since: 04 Mar 2011)


This article is a fact. But android fanboys of course have another fact where the ip4s is not doing well and Apple is once again in the verge of bankcruptcy :)

posted on 01 Dec 2011, 14:27

11. jamrockjones (Posts: 345; Member since: 26 Oct 2011)


@The_Miz: Yikes, too much info!

posted on 01 Dec 2011, 02:48 4

3. rf1975 (Posts: 232; Member since: 01 Aug 2011)


Please guys do not start hate wars. This is a tech site. So use this for share your knowledge and information. People who like iOS or Android thats depend on their
interest. What ever people say iPhone 4S is a good device. There are other good device out there too.

posted on 01 Dec 2011, 02:56 1

4. readingthissh1t (Posts: 303; Member since: 20 Jul 2011)


lets hope this article stays calm.
i want a nexus, my friends want iPhones.
Calmly stated.

posted on 01 Dec 2011, 03:40

5. iTaco (banned) (Posts: 3; Member since: 01 Dec 2011)


I believe 28 million is a conservative estimate. I think iPhone will get close to 40 million. It's hands down the best phone on the market right now.

posted on 01 Dec 2011, 18:32

12. EclipseGSX (Posts: 1468; Member since: 18 Oct 2011)


if you determine best by most sold, then McDonalds has the best burgers...

posted on 01 Dec 2011, 05:54

6. HTCiscool (Posts: 449; Member since: 16 Jul 2011)


28 million! That's a rather huge amount, but the award for most shipped goes to the SGSll and the iPhone4.

iPhone4: 47 million units
SGSll: 44 million units
Thunderbolt + EVO4G: 30 million units
Droid Bionic: 14 million units

This would probably still make the SGSll the winner for volume, with the HTC Sensation, and galaxy Nexus sitting at around 5 million units each.

posted on 01 Dec 2011, 06:23

7. Striker (Posts: 92; Member since: 06 Nov 2011)


Your statistics about the Sumsang is rather wrong. There is no such thing as SGS2 44million. I'd rather say all galaxies combined make about 35-40, no more.

posted on 01 Dec 2011, 08:38

10. networkdood (Posts: 5489; Member since: 31 Mar 2010)


Well, that does it - I better stop thinking for myself, go with what is popular, rather than what is the best, trade in my 4G LTE phone for a slow 3G VERIZON Iphone 4S. Thanks, phonearena, I just do not know what I would do without you and your awesome fellowship of avid iphone readers.

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