Tag Archives: Analysts

Aug 25

News Update: Analysts Offer Sales Estimates for Apple Inc’s iPhone 4: 1.5 Million at Launch

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Apple Inc. (NASDAQ:AAPL) iPhone 4s sold 1.5 million units, according to Oppenheimer & Co. senior analyst for applied technology and executive director Yair Reiner, who took a shot at calculating sales from Thursday’s launch, though the official number is not yet certain. To get the estimate, social media site Mashable.com reports that Reiner did the math using the 600000 iPhone 4 pre-orders and estimated that 100000 additional units were sold at Apple stores, along with 50000 sold at Best Buy Co. (NYSE:BBY). Reiner then multiplied the added number by two to account for international sales. Piper Jaffray Co. (NYSE:PJC) analyst Gene Munster, however thinks that Apple iPhone sales will range from 1 million and 1.5 million in the first three days, including pre-orders. Both analysts surveyed iPhone customers Thursday to arrive at their estimates, but will just have to wait for the official numbers to be tabulated. Shares of Apple are trading down 0.54% Friday afternoon at 7.54.
Video Rating: 4 / 5

Aug 25

News Update: Analysts Predict iPhone 4 Will Exceed Sales Expectations

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Apple Inc. (NASDAQ:AAPL) unveiled its highly-anticipated iPhone 4 yesterday at the Worldwide Developers Conference, and as a result, industry analysts are expecting customers to upgrade to the new smart phone, for new customers to join Apple’s clientele, and for the company’s profit margins to increase in months to come. iPhone 4’s new FaceTime video chat feature is an addition that analysts like Keith Bachman of BMO Capital Markets believes “is a game changer and [a] must-have feature that could provide huge upgrade potential” for the company. Bachman told MarketWatch that if only 20% of iPhone’s current 50 million users upgrade to the new model, Apple will still meet his prediction of 10.2 million iPhone sales during the quarter in September, and 12.2 million sales for October, November and December of this year. Bachman has maintained Apple’s outperform rating and 0 per share price target. Kaufman Bros. analyst Shaw Wu believes that sales of iPhone 4 could potentially crush his own previous sales predictions, which were set at 8.5 million iPhone sales during the June quarter, 37 million sales in 2010 and 43 million sales next year. Wu holds his 0 per share price target on shares of Apple, with a buy rating. Shares of the company are trading down 1.11% Tuesday afternoon at 8.15.
Video Rating: 5 / 5