Monday, July 22, 2013

iPhone sales to hit 62 million in fourth quarter, CNET


iPhone sales to hit 62 million in fourth quarter, predicts analyst

A low-cost iPhone could add as many as 12 million units to Apple's December quarter results, says Piper Jaffray analyst Gene Munster.
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(Credit: Apple)
iPhone sales won't heat up until the December quarter after Apple unveils a low-cost model. At least, that's the forecast from analyst Gene Munster.
For June quarter results, which Apple reports on Tuesday, Munster expects iPhone sales of 26 million, on par with Wall Street projections. If accurate, that would match the number sold during the same quarter in 2012.
For the September quarter, the analyst anticipates iPhone sales of just 24 million, lower than the 26.9 million sold over the same period last year. That estimate assumes that the widely expected iPhone 5S ships during the second to last week in September.

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But the picture for Apple looks cheerier once the holiday season rolls around.
Boosted by the debut of a rumored low-cost iPhone, Apple could sell 62 million iPhones during the last calendar quarter of 2013, according to Munster. Wall Street expects just 50 million units. But that number does not assume the rollout of a low-cost version, which Munster believes could trigger 12 million unit sales on its own.
Still, that 62 million figure could be knocked down by cannibalization from the cheaper model, the analyst added in an investors note released Monday.
"We are assuming a 50 percent cannibalization factor from the cheaper phone, which may be too aggressive as we have yet to hear launch details," Munster said. "If you add back cannibalized phones, our 'core' iPhone unit estimate for Dec-13 would be 56 million or 17 percent [year-on-year] growth for the first full quarter of iPhone 5S."
For the last quarter of 2012 (Apple's first fiscal 2013 quarter), the company sold 47.8 million iPhones.
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BruinGuy
Why is this a story?  The competitor, Android, does over 1 million per day.  That means in the same quarter more than 92 million Android devices will be purchased in the same quarter.  Sometimes Cnet is such a shill. 
JustmyOp
In all of their wisdom, if Apple caters with a lower cost iPhone, it will show them as cowering to the masses. This is something that Apple cannot do. It would break the mantra of Apple's core sights.
"To rip off people as much as possible and make them know that it is for their own best interest." They could still achieve this by making a plastic iPhone and charging $50 less...
retrospex
@JustmyOp Well, considering the iphone 4 is free and the 4S is under $50 on most carriers, I would say they already have a low cost iphone market. But, its Apple, and they will find a way to exploit customers any way they can.
keizer790
If the new iPhone 5S or 6 will contain many new innovations (don' t hold breath for!!) and a fresh design, still more people will buy it, at least in begin, until public recognizes a cheaper version, IF any like that would come alive. Quite honestly, i don' t think that a cheaper, lower-end iPhone should be released, especially not in colours (baby-phone??), instead rethink the existing iPhone and innovate on that!!
pgo8543
@keizer790 Cheaper iPhone would be mostly for european and asian markets, where people commonly buy phones upfront and go on a prepaid plan. But if the difference is not significant, I don't see many people buying it
boswd
I'm not seeing it.    I think the people buying the lower cost phones would have gotten the iPHone 4 for free ,the iPhone 4s for $50 or the iPhone 5 for $100.
Not seeing how this would ADD customers   wouldn't these just be the same customers just divided? 
qwertyasdfghjkl
I want this guy's job. I already know that lowering the price of something means you'll sell more of it, so it looks like I'm just as qualified. 
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