Tag Archives: aapl

Apple iPhone 6S forecast up, Watch outlook weakening

The outlook for Apple’s (AAPL) fall iPhone refresh is brightening while prospects for Apple Watch are dimming, Pacific Crest Securities analyst Andy Hargreaves said in a research note Monday. Initial estimates of Apple’s component orders for the September quarter have prompted a “more positive view” on the coming iPhone refresh cycle, Hargreaves said. Apple is expected to introduce the iPhone 6S this fall. “Although it is early and we lack visibility into the critical December quarter, our initial estimates of iPhone component orders in fiscal Q4 suggest Apple is anticipating demand in the next iPhone cycle that is ahead of our current expectations,” Hargreaves said. A meaningful decline in iPhone sales after the wildly successful iPhone 6 release has been a big concern, so the higher-than-expected initial order volume is encouraging, he said. The positive iPhone story, however, is “slightly offset by a deteriorating view around…

Apple, Tech Rule In Cash, But Stash Is Overseas

Technology companies — led by Apple (AAPL), Microsoft (MSFT) and Google (GOOGL) — rule the corporate cash kingdom, says Standard & Poor’s, with much of that cash overseas. And, like much of corporate America, tech companies are adding debt even as their cash holdings climb. Apple’s cash rose 12% to $178 billion in 2014, says S&P in a research report, with 89% of that overseas. Apple’s debt more than doubled last year to $36 billion. Apple has

Apple iPhone trade-in program gains traction in China

Apple’s (AAPL) new iPhone trade-in program for China has gained traction in the low to midrange market, pressuring local makers of Google (GOOGL) Android mobile phones. Apple launched the iPhone trade-in program in early April, partnering with Taiwan-based Hon Hai’s Foxconn Technology. Apple’s U.S. trade-in program started in mid-2013 prior to the release of the iPhone 5. The program let iPhone users trade in devices for gift card credit toward the purchase of a new iPhone. In China’s iPhone trade-in program, Foxconn refurbishes the iPhones and distributes them on secondary markets. In a research report Monday, Morgan Stanley analysts Joseph Moore and Katy Huberty said the trade-in program is helping boost iPhone 6 sales and is affecting the lower-priced Android market. “Most suppliers expect seasonal quarter-over-quarter growth for total iPhones in the September quarter, which could imply another quarter of at least 40% year-over-year growth,” said the Morgan Stanley analysts…