Apple's Quarterly iPhone and Overall Sales Estimates Continue to Rise

[MacRumors]

Just two weeks ago, a suggestion that Apple could sell 10 million iPhones during the current quarter began to make its way around the Mac investor and rumor communities. At the time, the claim was significantly higher than analysts' consensus in the 8-9 million range, and was thus viewed with some skepticism.

Tech Trader Daily today reports on an Apple stock upgrade from Broadpoint AmTech analyst Brian Marshall, who has done things one better by pushing his quarterly iPhone sales estimates to 11.3 million on the strength of international sales.

Meanwhile, Broadpoint.AmTech analyst Brian Marshall boosted his target this morning to $260, from $235, repeating his Buy rating. Marshall's note focused on explaining his higher-than-consensus estimate for December quarter iPhone sales: he sees 11.3 million units in the quarter, above the Street at an estimated 8.8 million. Marshall sees U.S. units down 20% sequentially, to about 2.5 million units, but with international units more than doubling sequentially to 8.8 million units.

Marshall's view has yet to spread to other industry analysts, however, as consensus iPhone shipments for the quarter remain slightly under 9 million.

Other analysts are upping their overall forecasts for Apple though, as Digital Daily notes that Thomas Weisel Partners analyst Doug Reid has boosted his sales predictions, particularly for the company's iMac line that was revamped in October. Reid's industry checks indicate very strong demand likely leading to yet another outstanding quarter for Apple.

Article Link: Apple's Quarterly iPhone and Overall Sales Estimates Continue to Rise

 

[levitynyc]

Newsflash: the iPhone is selling very well.

 

[Compile 'em all]

Sweet! I wonder though how the release of the slate will affect iPhone sales.

 

[Tower-Union]

Sweet! I wonder though how the release of the slate will affect iPhone sales.

Unless the slate has phone capabilities, it won't.

 

[balwx]

I do trade apple stock, even options & follow its move very closely. I do hope this guy is correct. He isn't very well know, so I won't be overly pumped up by his research note. Heck, I'm happy enough with the free gift we got last week. Good luck to everyone!

 

[Pigumon]

Unless the slate has phone capabilities, it won't.

It won't... but that would be awesome. Actually I'm thinking more of Mobile Broadband. Video Chat anywhere.

 

[*LTD*]

Only a matter of time before Apple surpasses RIM. And it'll happen sooner than you think. Apple is moving from strength to strength every quarter, and this current quarter will be huge.

 

[stagi]

Nice go AAPL! If they hit a homerun with a tablet the stock might take another big run up! (or they might bomb it, you never know and nobody is 100% with new products)

 

[kmiahali]

AAPL stocks will soar when the Apple tablet comes out. I can't wait until January when they announce the tablet, hopefully, good ol' Steve will be there to do it.

 

[iphones4evry1]

Keep in mind that Apple still continues to introduce the iPhone into new markets.

Also, once the bitter taste of the initial non-WiFi iPhones is forgotten by the Chinese, iPhone sales in China should accelerate.

 

[dlmart2]

Unless the slate has phone capabilities, it won't.

true.. but you should be able to use Google Voice on it...

 

[megadon]

It won't... but that would be awesome. Actually I'm thinking more of Mobile Broadband. Video Chat anywhere.

as soon as I find out it has ichat with a front facing camera and 3g capability, I'm putting money down for it.

Only a matter of time before Apple surpasses RIM. And it'll happen sooner than you think. Apple is moving from strength to strength every quarter, and this current quarter will be huge.

what are you basing that opinion on?
just curious as RIM's market share is growing along with apples, both at the expense of Nokia.

 

[Chupa Chupa]

I guess people liked toys from the Island of Misfit Toys this year. Droid Does... not sell as well.

 

[flottenheimer]

What I wish for is a much larger market share for Macs. MacBooks, iMacs, MacPros, MacMinis... It's time for some serious Windows competition!

 

[HiRez]

All I know is that for something like 12 years, almost every analyst has consistently underestimated Apple. Guess what, they are a lot smarter than most of you analysts are. You keep throwing out doom and gloom numbers like how the global markets are in trouble, how [insert Apple device killer of the week here] is going to finally end their run of dominance, how retail can't work because it didn't for Gateway, and so forth, but you don't realize that Apple isn't playing by the same rules as you and most other manufacturers are. They're not caught up in the storm because they make their own weather. Until they give me a good reason to think otherwise, I have to think it'll keep happening. I bought AAPL stock at almost $200 and I don't think I'll regret it.

 

[jo0]

apple sells.... kind of a no brainer by now.

 

[*LTD*]

All I know is that for something like 12 years, almost every analyst has consistently underestimated Apple. Guess what, they are a lot smarter than most of you analysts are. You keep throwing out doom and gloom numbers like how the global markets are in trouble, how [insert Apple device killer of the week here] is going to finally end their run of dominance, how retail can't work because it didn't for Gateway, and so forth, but you don't realize that Apple isn't playing by the same rules as you and most other manufacturers are. They're not caught up in the storm because they make their own weather. Until they give me a good reason to think otherwise, I have to think it'll keep happening. I bought AAPL stock at almost $200 and I don't think I'll regret it.

Love your sig! Well done.

 

[cvaldes]

true.. but you should be able to use Google Voice on it...

Google Voice does not currently have a VoIP client component.

 

[puppyflightclub]

All I know is that for something like 12 years, almost every analyst has consistently underestimated Apple. Guess what, they are a lot smarter than most of you analysts are. You keep throwing out doom and gloom numbers like how the global markets are in trouble, how [insert Apple device killer of the week here] is going to finally end their run of dominance, how retail can't work because it didn't for Gateway, and so forth, but you don't realize that Apple isn't playing by the same rules as you and most other manufacturers are. They're not caught up in the storm because they make their own weather. Until they give me a good reason to think otherwise, I have to think it'll keep happening. I bought AAPL stock at almost $200 and I don't think I'll regret it.

what do you think investing 2500 will do for me over the next few months?

 

[Xavier]

Wait.. the iPhone is popular?

 

[HiRez]

what do you think investing 2500 will do for me over the next few months?

First of all I would never advise investing short-term like that, unless you really know what you're doing. You're just asking to get hurt IMO, since any stock will go up and down some over a short period. Furthermore, you will pay a much higher tax rate on your gains if you hold a stock for less than a year (potentially more than double a year or longer holding). Finally I will say do not count on Apple rumors to raise a stock price. There's too much speculation and you never know what products they will or will not announce, or when they will ship. Invest because you think it's a good company and hold onto it a while (at least 366 days).

 

[megadon]

All I know is that for something like 12 years, almost every analyst has consistently underestimated Apple. Guess what, they are a lot smarter than most of you analysts are. You keep throwing out doom and gloom numbers like how the global markets are in trouble, how [insert Apple device killer of the week here] is going to finally end their run of dominance, how retail can't work because it didn't for Gateway, and so forth, but you don't realize that Apple isn't playing by the same rules as you and most other manufacturers are. They're not caught up in the storm because they make their own weather. Until they give me a good reason to think otherwise, I have to think it'll keep happening. I bought AAPL stock at almost $200 and I don't think I'll regret it.

you ever mess around with leaps? pretty much long term call options, like 5 years..?

I had some puts as a safety net on financials that saved me big time.

 

[balwx]

Congrats to all longs......

 

[Goona]

Where are all the Droid, Android, and Verizon fanboys who said the Droid is coming to hurt the iphone. So much for stopping the iphone. Has all Android phones combined even sold 10 million to date?

 

[DMann]

Where are all the Droid, Android, and Verizon fanboys who said the Droid is coming to hurt the iphone. So much for stopping the iphone. Has all Android phones combined even sold 10 million to date?

You'd think, after all the "under" deserved hype.