Morgan Stanley: Apple iPhone, Apple iPad sales stronger than expected
The analyst says that earlier problems producing the new in-cell touch panels have been cleared up. Yields are in the 70% to 80% area for the part. Morgan Stanley has a buy rating on the stock with a $714 price target and recommends an "overweight" position in the stock, which it sees rising as high as $980 in the next 12 months.
Technical analysis, which uses charts, is based on the idea that knowing the past can help predict the future. Most technicians are bearish on Apple because of the stock's recent penetration of the 200 day moving average. Technical analysts will also point out that this is why good news, like a bullish report from Morgan Stanley, didn't move the stock higher on Thursday. Apple closed at $525.62 for a loss of $11.26 and the stock is down 25% since trading at its 52 week high of $705 set the day that the Apple iPhone 5 launched.
1. letgomyeggroll (Posts: 137; Member since: 13 Jun 2012)
Isn't Morgan Stanely the company who was under investigation for making false numbers to investors?
4. Ballua (Posts: 15; Member since: 12 Nov 2012)
it is amazing that they could make this kind of "analysis".
the Nexus 7 and 4 have been sold more than just hot cakes. Demand even crack down Google server and they still can "analyze" out those figures.
The market is still there. If one thing is hot, the others must be cool down. That's true always.
Who will pay double price for an iphone compare to that of a supper Nexus 4?!.Who will pay double price for a phone which is almost the same over years compare to that of a much feature rich Nexus 4?!..
Think about it!
8. MeoCao (unregistered)
Yeah Nexus 4 is just awsome, and there are those monsters Droid DNA, and Optimus G all better than iPhone 5.
Sure Apple still has lots of fans but I believe many will jump ship to Android.
3. Shino (Posts: 159; Member since: 23 Jul 2012)
Apple kicks ass! But, they gotta start smth totally new in order to stay ahead in the future.
16. Jobes (Posts: 364; Member since: 27 Oct 2011)
"Stay" ahead? lol. I trust your speaking financially.
5. roscuthiii (Posts: 1712; Member since: 18 Jul 2010)
Man... they're really intent on polishing that AAPL aren't they?
6. raphael007 (Posts: 43; Member since: 12 Jun 2012)
this would be accurate only if the expectations were 10%
9. rusticguy (Posts: 2810; Member since: 11 Aug 2012)
More the stock falls more such analysts will start proping up till every one of them feels that they have been proved wrong and then they come out with analysis of their failed analysis :)
10. wendygarett (unregistered)
After I get the iPhone 5, I'm now anxiously getting the iPod touch blue version ^__^
Just Wait Apple
11. blingblingthing (Posts: 379; Member since: 23 Oct 2012)
IPhone 5 or Nexus 4 or galaxy S3? You really see the iPhone doing well?
IPad vs nexus 7 and nexus 10. You see the iPad doing well?
With android prices going low. I don't see the iPhone doing well.
13. Hemlocke (unregistered)
Actually, yes. The iPhone 5 will outsell the Galaxy S3, Note II, and Nexus 4, combined, this quarter. The iPad and iPad Mini will outsell every other tablet, combined, this quarter. These analysts on the supply chain side aren't blowing smoke. 50+ million iPhones and 20+ million iPads will hurt more than a little for Apple's competitors.
15. darac (Posts: 2156; Member since: 17 Oct 2011)
Only iPhone 4, 4s, and 5 together have a chance to outsell those combined..and that being a very questionable chance if you ask me.
IPhone 5 alone is not such a superhero market figure as you think.
Have a look at the Great Britain sales chart for October:
1: Samsung Galaxy S3
2: Apple iPhone 5
3: Samsung Galaxy S2
4: Apple iPhone 4s
14. MC1123 (Posts: 1220; Member since: 12 Nov 2012)
it will still do well! the world is round! and the world is not PhoneArena! and people will still buy iDevices! love it or hate it! so stop whining!