Scalper1 News
Apple (AAPL) iPhone demand remains strong overall, with sales of the company’s high-end iPhone 5S smartphone more than offsetting weak demand for the midrange iPhone 5C, says Susquehanna Financial Group analyst Chris Caso. The mix shift in Apple’s (AAPL) iPhone sales to the latest model will benefit the company’s top and bottom lines in the December quarter, Caso said in a research report late Wednesday. Continued strong demand for the iPhone 5S, which was released on Sept. 20, also takes the pressure off Apple to rush the iPhone 6 to market, Caso says. Caso based his assumptions on supply chain checks that indicated “a significant production shift from iPhone 5C to 5S.” March quarter production also is trending ahead of expectations, as Apple builds inventory to meet iPhone 5S demand and to prepare for an expected distribution deal with China Mobile (CHL), he said. Scalper1 News
Scalper1 News