Apple has some "monster" earnings reports ahead of it according to Wedbush analyst Scott Sutherland. He sees a year-over-year increase in sales of 3 million Apple iPhone units in Q1 to 26 million. The analyst bases this on the introduction of the Apple iPhone 5 in October and the launch of a lower end model of the phone aimed at emerging markets. While that will help the Cupertino based firm report a "monster" first quarter, Sutherland sees the trend continuing with the introduction of an LTE enabled Apple iPhone model with a "materially improved" UI in the first half of 2012 along with the introduction of the Apple iPad 3.
Sutherland adds that Apple's new iCloud service could increase media and app sales, which would lead to even higher earnings for the company. With a series of these "monster" earning reports expected to continue throughout next year, the analyst has raised his target on Apple to $530. The stock closed Thursday at $401.82, down 2.5% during a market bloodbath.
Alan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 15 Pro Max, he has seen smartphones evolve into a global phenomenon. Beyond smartphones, Alan has covered the emergence of tablets, smartwatches, and smart speakers.
A discussion is a place, where people can voice their opinion, no matter if it
is positive, neutral or negative. However, when posting, one must stay true to the topic, and not just share some
random thoughts, which are not directly related to the matter.
Things that are NOT allowed:
Off-topic talk - you must stick to the subject of discussion
Offensive, hate speech - if you want to say something, say it politely
Spam/Advertisements - these posts are deleted
Multiple accounts - one person can have only one account
Impersonations and offensive nicknames - these accounts get banned
To help keep our community safe and free from spam, we apply temporary limits to newly created accounts:
New accounts created within the last 24 hours may experience restrictions on how frequently they can
post or comment.
These limits are in place as a precaution and will automatically lift.
Moderation is done by humans. We try to be as objective as possible and moderate with zero bias. If you think a
post should be moderated - please, report it.
Have a question about the rules or why you have been moderated/limited/banned? Please,
contact us.
Things that are NOT allowed:
To help keep our community safe and free from spam, we apply temporary limits to newly created accounts: