Apple's shares rally again as analysts weigh in on the new iPhone 7 and iPhone 7 Plus
posted by Alan F. / Sep 14, 2016, 11:36 PM
Apple's shares hit a nine month high on Monday, closing at $111.77. The gain of 3.54% takes Apple well off the low of $91.50 it hit on June 27th. The stock dropped under $100 back in April after reporting its fiscal Q2 earnings. In that three-month period, Apple sold fewer iPhone units in a quarter on a year-over-year basis for the first time in history. That happened again during the July quarter, but that time the shares gapped open at $102 and have been rising ever since.
With Apple about to launch the iPhone 7 and iPhone 7 Plus on Friday, Wall Street analysts have been bullish on the pair. Ben Schachter, senior analyst at Macquarie Group, told the audience watching CNBC's Power Lunch that Apple might be able to squeeze out a little growth this year with its handsets, and achieve strong results next year with the 10th anniversary iPhone model.
BTIG analyst Walter Piecyk says that strong iPhone pre-orders reported by AT&T, Sprint and T-Mobile are the first indication that Apple will surprise the Street by pulling off strong growth in the December quarter. Part of the reason for the unexpected growth is the larger pool of potential iPhone buyers. According to Bernstein analyst Toni Sacconaghi, the number of iPhone users is about 50% higher than it was a couple of years ago. That means that there is a large number of iPhone owners who would be interested in upgrading to the new models.
Sacconaghi said that figuring out how many current iPhone owners will upgrade is the key to forecasting how well Apple will do with the new handsets. Five years ago, only a quarter of iPhone sales came from upgrades. Now, 80% of iPhone sales come from upgrades. And making things harder is Apple's decision not to release pre-order figures. The tech titan says that pre-order figures are not indicative of anything since the iPhone 7 and iPhone 7 Plus will have its initial sales determined by supply, not demand,
- Display 4.7" 750 x 1334 pixels
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- Storage 256 GB
- Battery 1960 mAh(14h 3G talk time)
Posts: 521; Member since: Oct 27, 2015
it will still fall as fewer people will buy ip7 this time.....chinese people no longer have enough kidheys to sell and the ones with kidneys wont even see buyers,due to economic downturn
posted on Sep 14, 2016, 11:49 PM 5
Posts: 2687; Member since: Nov 09, 2015
I quote: "it will still fall as fewer people will buy ip7 this time..." Whenever I think I've heard the dumbest thing in the world, someone shows up and improvise... Here: http://www.phonearena.com/news
Black iPhone 7 are SOLD OUT... People are queuing up in Italy to get their hands on one...
And yet some Bum Hurt Sammy Fanboy is saying...
Well, never mind...
But it'd be better if you focus on exploding Notes... Samsung is in dire need of "freebies" Lawyers on almost all blogs and forums...
Lots of work to do, so little time...
Make haste, mate!
posted on Sep 15, 2016, 2:35 AM 5
Posts: 4062; Member since: Jul 23, 2013
OMG, not Italy, where iOS controls 13% of the market on a good year.....all 5 of those people in line will be such a boon for Apple. Also, the Plus model selling out is actually bad news because last year, the regular and Plus models sold out, and that wasn't even as good as the year before it. Those are also the models with the most limited production, that isn't a good indication at all. Finally, the technicals on the stock indicate that it hasn't beaten the peak it set in April of this year and is now trading in a range largely because investors are praying it goes back up. If, and when, it starts to tank, they are all out of a job for getting greedy when they all bought in at 120+. Still, lets see where this goes, likely it won't be as good as last year, and last year wasn't too great.
posted on Sep 15, 2016, 3:34 AM 1
Posts: 14967; Member since: Sep 25, 2013
You're an idiot. How many people are on this planet. 7Billion. Right? How many live in the USA alone? 350M. How many phones can Apple make in a month? Roughly 5M counting all selling and models in production. Apple typically sells 30% of their entire production just in the USA based on market-share. Right? So if you take 5M devices and 30% come to the USA, that means there won't be enough phones, especially when you have to consider they have 5 color options. It's obvious it would sell out. But it would only take 1M sells or less to sellout. if you don't have enough supply to meet demand, which Apple NEVER does. Then a sellout is easy to attain. That doesn't mean they will sell more phones this year than last year. After all the iPhone 6S' were sold out at the beginning too. Yet YOY year for the 2nd/3rd quarter, they sold less of them. You are such a gullible troll.
posted on Sep 15, 2016, 10:47 AM 0
Posts: 1904; Member since: Mar 25, 2014
You got to give Apple credit though. They keep doing the marketing so people keep believing that it is an exclusive item that can be hard to get because of "low" unit numbers. Props to their marketing department, they know how to do that. Apple's real product is marketing, not phones or computers.
posted on Sep 15, 2016, 11:45 AM 0
Posts: 1904; Member since: Mar 25, 2014
Even Apple is unsure, as they aren't for the first time releasing numbers. Samsung is doing fine, and will do fine even with this, why? they aren't a phone company only they have many divisions, they may lose something on recall, but it still surprises me that people are focusing on "some note 7's blew up!" rather then "hey look Samsung is replacing our phones rather then chancing them blowing up" that's good customer service, because lets face it 35 out of 2.5 mil, is still a low number, and very low risk of it happening. And my money is still on user error, granted the phone should not allow said user error to cause this, so it SHOULD be fixed...but even so. It is getting blown way out of proportions. As for it being 'sold out' without any numbers it really doesn't say much, if there only were say 100000 phones for preorder, then sold out doesn't mean much, and since they aren't releasing numbers, we do not know, so 'sold out' means......what?
posted on Sep 15, 2016, 11:43 AM 0
Posts: 279; Member since: Apr 18, 2015
Johnny I've has to do better at designing. Time cook has let everyone down. Let the fall begin.
posted on Sep 14, 2016, 11:49 PM 0
Posts: 1769; Member since: Oct 20, 2010
LOLOLOL people still comment with Apple is doomed? Remind us again what happened the last 20 times Apple is doomed was chanted? That's right, the Note 7 exploded. Billions of dollars of revenue every year, on top of the billions they are just sitting on, yup what will they do, though times. It's been a while since someone called a phone an "iPhone killer" LOL I think people have just given up, the iPhone is here to stay.
posted on Sep 15, 2016, 12:13 AM 7
Posts: 1544; Member since: Feb 16, 2012
Say the same lie enough times and eventually it will become truth!!
posted on Sep 15, 2016, 2:27 AM 0
Posts: 4062; Member since: Jul 23, 2013
Well, I think they misinterpreted the data. What they should have said is iFans are doomed. Because they are receiving the largest shaft in the history of consumer electronics and there is nothing they can do about it.
posted on Sep 15, 2016, 3:36 AM 1
Posts: 186; Member since: May 15, 2016
Choosing between no headphone jack and possibly explosive phone is equivalent to choosing between a president that could possibly die or the other one
posted on Sep 15, 2016, 12:26 AM 1
Posts: 1036; Member since: Dec 28, 2012
2016 seems to be turning out as just that. You have an idiot (phone) with good marketing but a couple idiotic blemishes or You have a nonsensical (phone) that is ready to blow up the world. Currently with the HTC10 but LG V20 has my vote (depending on battery life)
posted on Sep 15, 2016, 8:29 AM 0
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