Barclays analyst sees soft demand for the Apple iPhone during the remainder of this year

Barclays analyst sees soft demand for the Apple iPhone during the remainder of this year
Barclays analyst Mark Moskowitz expects demand for the Apple iPhone to remain soft during the rest of 2016. For the previous quarter that ended in June, Moskowitz expects Apple to have shipped 39.9 million iPhone units. That is down 1 million handsets from his previous estimate of 40.9 million. He sees more deterioration in the current quarter that ends in September. During that three month period, he expects that Apple will ship 43.9 million iPhones, down from an earlier forecast of 46.6 million.

For all of 2016, the analyst now expects Apple to ship 203.7 million phones, lower than his previous call for Apple to deliver 212.1 million units. That would indicate an annual decline of 12% in iPhone shipments this year. But Moskowitz sees a 10% rebound on the way, with Apple shipping 224.4 million iPhones next year. That is lower than his original forecast which estimated that Apple would ship 233.8 million iPhone units in 2017.

Apple will report the results of its fiscal third quarter on July 26th. For the fiscal second quarter, Apple announced that it had lower year-over-year iPhone sales for the first time in history. The analyst, while maintaining an "overweight" rating on Apple's shares, lowered his target from $121 to $115 on the stock. Apple is currently trading at $98.90.


source: AppleInsider

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21 Comments

1. Mxyzptlk unregistered

I don't think this analyst knows what he is talking about.

2. kiko007

Posts: 7493; Member since: Feb 17, 2016

Every other analyst seems to disagree with his forecast, so it's probably safe to assume he doesn't know what he's talking about :D.

4. QWIKSTRIKE

Posts: 1459; Member since: Mar 09, 2010

When it comes to analyst believe everything and nothing..... They are a big pack of liars.. Check out the charts for the stock.... They tell what analyst really think.

15. ibend

Posts: 6747; Member since: Sep 30, 2014

yeah right, everyone can be analyst.. those famous analyst just got lucky since their analysis was right one or twice and spreaded all over the world and make them famous.. even octopus can be a famous football analyst

12. willard12 unregistered

When you say he doesn't know what he's talking about, are you referring to the 12% decrease this year? Or, are you referring to the 10% increase next year? Nevermind, I'm pretty sure I know the answer to that.

13. sgodsell

Posts: 7183; Member since: Mar 16, 2013

It's amazing if Mxyzptlk, kiko007, or Quikstrike see anyone or an article that doesn't hold the same praise as themselves. Then they are quick to cut up and put anyone or anything down, in order for themselves to feel good about their Apple god, or their iPhone purchases.

14. kiko007

Posts: 7493; Member since: Feb 17, 2016

You've got some serious demons don't you?

17. Mxyzptlk unregistered

He's just salty.

18. Mxyzptlk unregistered

The butthurt is strong in this one.

20. sgodsell

Posts: 7183; Member since: Mar 16, 2013

I am not butthurt. Clearly you and kiko007 are both hurt. If the rumors are true about the iPhone 7 where there is only an upgraded processor, 32gb of storage, a missing headphone jack, and iOS 10. Sure the iPhone 7 plus gets the dual camera and maybe a few other things. But the iPhone 7 still comes with the same low resolution display, with no OIS camera, and Apple will still be looking at $650 again, or maybe even more money. But we will soon see what Apple is really bringing to the table.

3. biophone

Posts: 1994; Member since: Jun 15, 2011

Once the 7 comes out it should sell well. I need the headphone jack for my car aux port so i got the 6S. Great phone!

11. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

That's what I'm waiting for, too. Don't need the latest, especially without a jack. I noticed Moto shipped theirs with usb to jack adapter.

5. libra89

Posts: 2271; Member since: Apr 15, 2016

People are also keeping their iPhones longer. My friend told me that when she and her dad went to get their SE's, her dad actually gave his wife (her mom) his iPhone 4! Not 4s, but the 4. All of this time, he has had that iPhone. I was shocked.

6. nebula

Posts: 1009; Member since: Feb 20, 2015

Wouldn't it be 25 million units of 12% of the expected 212.1 units ?! "For all of 2016, the analyst now expects Apple to ship 203.7 million phones, lower than his previous call for Apple to deliver 212.1 million units. That would indicate an annual decline of 12% in iPhone shipments this year."

7. darkkjedii

Posts: 30964; Member since: Feb 05, 2011

If LeSerpenVincent wasn't already banned, this article would do the trick.

16. ibend

Posts: 6747; Member since: Sep 30, 2014

no matter what, that creature will reborn :-|

19. darkkjedii

Posts: 30964; Member since: Feb 05, 2011

I wish you'd go away.

21. deviceguy2016

Posts: 826; Member since: Jun 16, 2016

Sounds like the movie tremors lol cool..... Funny post I bend!! +1

8. tgom222

Posts: 34; Member since: Jul 08, 2012

Seems like smartphones are reaching saturation. Not many people are upgrading from flip phones any more. And the new phones don't do much more than phones from 2-3 years ago. Enthusiasts will upgrade often, but most people are starting to stretch out the length they keep a phone. Smartphones are running into the same issues desktops and laptops are having. There are no killer apps that demand new hardware.

9. deviceguy2016

Posts: 826; Member since: Jun 16, 2016

Every time around now they estimated sales during a time b4 a release of a new iPhone, if Apple doesn't pull something worthy of buying I'm sure the numbers will differ, it's the hype of a new iPhone around the corner is why they sell after launching comes all the issues and updates and failures I've seen this since iOS 7 i won't buy Apple until they have the biggest thing yet like they say?? Steve jobs was well damn respected man, Tim Cook has changed Apple if they would do something and ditch the "S" and do something big ya than I'd consider buying and if they did this I'm sure them numbers will be higher other user may merge to Apple??? Maybe??

10. deviceguy2016

Posts: 826; Member since: Jun 16, 2016

They have the knowledge and surely the money to do so, but why don't they??

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