Tag Archives: aapl

5 key takeaways from Apple’s so-so earnings report

Apple (AAPL) stock rallied Wednesday following the company’s Q3 earnings report late Tuesday that had some positive surprises but also some disappointments. It’s typically the weakest quarter for Apple (AAPL) and often a transitional one, since the market is generally focused on new products to be unveiled in the fall. Apple reported stronger-than-expected earnings growth for the June quarter, but iPhone and iPad sales lagged analyst estimates as consumers and investors look ahead. Some takeaways from the Apple report. Hail the iPhone 6: Apple needs the iPhone 6. Apple sold 35.2 million iPhones in Q3, up 13% but about 1 million short of consensus estimates. Apple is expected to introduce a 4.7-inch and 5.5-inch model this fall. Its current 4-inch generation has seen slowing growth, and Apple has lost ground

Citigroup sees 140 million iPhone 6 sales in year 1 on easier upgrades

Wireless phone companies will play a big role in boosting Apple’s (AAPL) iPhone 6 sales because of new device upgrade policies that make it easier for consumers to upgrade their smartphones, says Citigroup, which has a bullish estimate on first year iPhone 6 sales. Analyst Jim Suva, in a report published Wednesday, noted that on Apple’s Q2 earnings call, management pointed to a “change in carrier behavior” that could be helpful. He estimates that Apple’s current “installed base” of iPhone users is about 300 million. He says that compares to under 200 million at the time of the iPhone 5C/S launch in September, 2013. “Carrier behavior has changed and we believe this is not widely followed by Apple investors,” said Suva in the report. “This new carrier behavior helps resolve the consumer device dilemma by enabling consumers to upgrade their smart phones more easily compared to a mere…

Apple iPhone, iPad Sales Light But Focus On iPhone 6

Apple reported stronger-than-expected earnings growth late Tuesday, but fiscal Q3 sales of the iPhone and iPad lagged estimates as consumers and investors look ahead to the next smartphone models. The report “was of much less significance than past quarterly reports, as we believe investors are more focused on the ‘Fab Fall’ launch,” wrote analyst Brian White of Cantor Fitzgerald. Apple (AAPL) is expected to unveil new,