Canaccord ups its estimate of Apple iPhone and Apple iPad sales for December quarter

Canaccord ups its estimate of Apple iPhone and Apple iPad sales for December quarter
An analyst for Canadian securities house Canaccord Genuity, has just raised his estimate of Apple iPhone and Apple iPad sales for the current quarter. Analyst Michael Walkley said in a note to clients that sales of the full-featured Apple iPhone 5s have been strong as have been sales of the Apple iPad Air. Walkley sharpened up his pencil and raised his estimate of iPhone sales for the three months that ends in December to 52 million units from 51.5 million.

At the same time, the analyst increased his estimate of Apple iPad sales to 24.7 million from 24.3 million. He expects the company to report $57.5 billion in revenue for the period with a 37.3% gross margin, and an earnings per share total of $14.05 a share. He also looked back at the quarter that ended in September and calculated that 56%of the smartphone industry's profits belonged to the Cupertino based firm. Samsung was next with 53% of the profits. Yes, the combined figure is over 100% because of operating losses generated by BlackBerry, HTC, LG, Motorola and Nokia.

After taking a survey of the four major U.S. carriers, Walkley found that they all had the iPhone 5s on top of their best seller list for September and October. AT&T had the Apple iPhone 5c second while Verizon had the latter as its third top selling smartphone after the Samsung Galaxy S4. The survey also revealed that lead times have dropped to 1 to 3 business days for iPhone 5s models not in stock, down from as long as 6 weeks seen after the launch for some variants of the iPhone 5s. In fact, the gold model remains a touch catch even though Apple hiked production of the unit by 33% shortly after the launch of the phone.

Lastly, Walkley's analysis of the supply chain tells him that the Apple iPad mini with Retina display will remain in short supply for the entire fourth quarter. Apple is running into problems procuring enough Retina display panels for the slab due to production problems at Sharp, which has suffered from LCD burn-in with its display.

source: Forbes

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8 Comments

1. woodshop20

Posts: 459; Member since: Sep 14, 2013

Only in US are users still so loyal to the iPhone. Where I live, I haven't seen a single person with the 5s or 5c. The few users that still have iPhones are still sporting older models like the 4 and 4s. They simply don't see the new iPhones as enough of an upgrade, not to mention their high price.

2. g2a5b0e unregistered

Actually, no. Japan has an even higher iOS percentage than the US. It is the only country where iOS users outnumber Android users.

3. rantao333

Posts: 346; Member since: May 21, 2013

yea, i wonder why the countries with advanced technology prefer IOS rather than android..

5. Diezparda

Posts: 941; Member since: Oct 23, 2013

More like Japanese people prefer looks over features or functionality, and Apple product was very iconic, fashionable and well known as expensive premium brand.

4. woodshop20

Posts: 459; Member since: Sep 14, 2013

Really? Why? I thought they would support their own brands, like Sony and Panasonic etc.

7. xfire99

Posts: 1206; Member since: Mar 14, 2012

48.6% iOS vs 47.7% Android and call this outnumbered? -.-

8. g2a5b0e unregistered

Perhaps you don't understand the definition of the word. I'll spell it out for you then. outnumber: be more numerous than I'm pretty sure 48.6 vs. 47.7 fits the bill. Any other words in the English language you need help understanding?

6. Finalflash

Posts: 4063; Member since: Jul 23, 2013

And watch this guy be the most disappointed when everything hits the mark and doesn't exceed his expectations by infinity million percent.

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