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Apple's iPhone, iPad mini sales even stronger than expected - report

post #1 of 66
Thread Starter 
Sales of Apple's recently updated iPhone lineup, along with the new iPad mini, are surprising to the upside, according to supply chain sources who spoke with one analyst.

Katy Huberty of Morgan Stanley said in a note to investors on Thursday that her recent meetings with members of Apple's supply chain in Asia signaled that iPhone and iPad mini sales are even stronger than had been anticipated.

"Key suppliers into iPhone and iPad noted above seasonal March quarter order trends, stronger than expected December quarter revenue, and the potential to further upside before year-end," Huberty wrote.

She believes that Apple will outpace Wall Street expectations in the December quarter. Market watchers generally expect Apple to sell 46 million iPhones and 23 million iPads in the three-month frame.

She also thinks Apple will again beat expectations in the March quarter, when Wall Street forecasts Apple will sell 43 million iPhones and 19 million iPads.



Huberty said that supply constraints, including the new in-cell touchscreen panels found in the iPHone 5, are no longer an issue. Suppliers informed her that yield rates are now between 70 and 80 percent in the December quarter.

While demand for Apple products has been strong, the PC market is struggling, suppliers informed Huberty. They indicated that PC demand has lessened, even following the much-hyped launch of Microsoft's new Windows 8 operating system.

Suppliers also indicated that the iPhone 5 and iPad mini are expected to sell well in China. The Chinese government is expected to issue LTE licenses in the second half of 2013, which could coincide with a deal between Apple and China Mobile, the world's largest carrier.

Morgan Stanley has a price target of $714 for AAPL stock and has maintained its "overweight" rating. The company's "bull case" forecast for Apple sees its stock price reaching as high as $980 in the next 12 months.
post #2 of 66

Of course they are. 

 

It's the Apple Experience in a new iPhone and a new iPad. 

post #3 of 66
Doesn't matter. Idiot fandroids and iHaters that infest/pollute this forum will continue spewing their lies on how bad the mini and iP5 has been.
Edited by sflocal - 11/15/12 at 1:57pm
post #4 of 66
It's only a matter of time before some of these PC companies start declaring bankruptcy. Who will be first?
post #5 of 66

No, no, no, AAPL can't take anymore success!!

post #6 of 66

"Doesn't matter. Idiot androids that iHaters that infest/pollute this forum will continue spewing their lies on how bad the mini has been."

 

Well said.  By which I mean wow, troll unintelligibly much?

post #7 of 66
I find the mini to be an amazing product. Much better than the original iPad. It hardly seems to me that they are even related to each other given that the experience is so different, and so much better on the mini.

Anyone who disses the mini has no idea what they are talking about IMO.
post #8 of 66

The Mini is a stroke of genius. 

 

It's mirroring the success of the iPod "family of products."

post #9 of 66
Quote:
Originally Posted by Quadra 610 View Post

The Mini is a stroke of genius. 

 

It's mirroring the success of the iPod "family of products."

 

sad, but true.. lol.gif

 


Edited by tooltalk - 11/15/12 at 1:46pm
post #10 of 66
Not surprised. After using my iPad mini for more than a week, I'm very happy and could care less about Retina.. Most wont notice, much less understand.. I wouldn't mind it in next model, but it's not a deal breaker for me. I never bought into retina when it came out anyway.

What will the average person experience? it's light, it's small, it's great for reading.. Not if it's a little more granular than paper.

Tech critics are sitting with their microscopes and stats pages. All the while; customers are more interested the overall experience from the size/weight/battery life and the app ecosystem.

Thats what is selling it in record numbers.
post #11 of 66
@sflocal, if you don't like the negative Apple comments here, steer clear of the Yahoo! Finance AAPL message board. Brutally ugly there.

Having bought my first Mac in 1986, and stuck with Apple exclusively since then, I've seen all kinds of Apple-related doom and gloom. I have to say, however, it's never been this loud, this pervasive, and, frankly, so often tone-deaf.

The criticisms of the iPad mini's display is an ideal example. Critics' cries that the display is worse than the display on the iPad 2 aren't paying attention to the actual specs, and I have to assume they haven't yet actually looked at the iPad mini in person.

The screen size is _smaller_, making the same pixel count denser. While admittedly not Retina quality, the mini's pixel density makes for a nice improvement over the iPad 2.

I'm not a die-hard Apple fan these days, but it seems quite clear to me that Apple has a lot of runway left. The smartphone market has not been saturated, modern tablets are just hitting stride, and if one believes a bit of what they read, Apple has its eyes on the living room...and quite possibly they're angling toward deeper integration (read revenue) into our automobiles.

*Update: I wanted to add a link to this article, that suggests that 1/3 of PC users faced with the question of whether or not they'll upgrade to Windows 8 say they're going to switch to Mac. That translates into a lot of new Mac users...and a lot of potential iPod, iPhone and iPad buyers, too:

http://www.usatoday.com/story/tech/2012/11/14/poll-shows-us-consumers-hesitant-windows-8/1700585/

Apple's future - for this and many other reasons - is quite bright, in my opinion.
Edited by cherrypop - 11/15/12 at 1:52pm
post #12 of 66

Wait. I thought the ship was sinking???

 

/s

post #13 of 66
I'm not surprised at all. It is a bit perplexing to see people dismiss the Mini based on its size when its size is exactly what makes it attractive.
post #14 of 66
"Apple's iPhone, iPad mini sales even stronger than expected"

Regardless, If "THE MARKET" decides this company's stock is worth $380, it will be $380.

(I hate "THE MARKET")
post #15 of 66
Quote:
Originally Posted by cherrypop View Post

@sflocal, if you don't like the negative Apple comments here, steer clear of the Yahoo! Finance AAPL message board. Brutally ugly there.
Having bought my first Mac in 1986, and stuck with Apple exclusively since then, I've seen all kinds of Apple-related doom and gloom. I have to say, however, it's never been this loud, this pervasive, and, frankly, so often tone-deaf.
The criticisms of the iPad mini's display is an ideal example. Critics' cries that the display is worse than the display on the iPad 2 aren't paying attention to the actual specs, and I have to assume they haven't yet actually looked at the iPad mini in person.
The screen size is _smaller_, making the same pixel count denser. While admittedly not Retina quality, the mini's pixel density makes for a nice improvement over the iPad 2.
I'm not a die-hard Apple fan these days, but it seems quite clear to me that Apple has a lot of runway left. The smartphone market has not been saturated, modern tablets are just hitting stride, and if one believes a bit of what they read, Apple has its eyes on the living room...and quite possibly they're angling toward deeper integration (read revenue) into our automobiles.
*Update: I wanted to add a link to this article, that suggests that 1/3 of PC users faced with the question of whether or not they'll upgrade to Windows 8 say they're going to switch to Mac. That translates into a lot of new Mac users...and a lot of potential iPod, iPhone and iPad buyers, too:
http://www.usatoday.com/story/tech/2012/11/14/poll-shows-us-consumers-hesitant-windows-8/1700585/
Apple's future - for this and many other reasons - is quite bright, in my opinion.


I'm totally in agreement with you.  I believe most that criticize the iPad mini (both iHaters and media) and never actually seen one in person.  I have and I was literally blown-away by the quality, polish, and overall finish of the product.  Those criticizing the non-retina display are just a bunch of a$$hats spewing nonsense out of their mouth.  Is it as nice as a retina? No.  Is it better than an iPad 2?  Hell yes.  Most people (except ADHD-afflicted fandroids) will not have a single issue with the display.  I have an iPad3 and it still took me a little bit to realize the lower resolution of the mini's display.  The pixels are condensed in a smaller area so naturally it will look sharper.  It's a non-issue.  In addition, the idiots out there seem to conveniently leave out that a retina-display would mean a bigger battery, heavier unit, power-sapping GPU to drive that dense display, which would then give them more fodder to criticize Apple.

My next iPad will most likely be a mini.  I'll probably wait next year simply because I'm more than happy with my 4-month old iPad3, and have zero need to get a new one.

iHating is more a (louder) problem now than back in the 90's simply because the Internet has given these blowholes easier methods to spread their vile crap, and in a more louder way.  Damn shame really.  

post #16 of 66

Is this another analyst trying to create overblown expectations again, in order to manipulate the stock as always…?

 

I just find them utterly unreliable anymore, both their predictions and their motives...

 

It's clear though, given Apple's consistent performance trends over the last four quarters that this one is going to be a blowout. The stock is also clearly undervalued, especially considering the state of the market and their competitors...

 

I know more than a few people who are delighted at the opportunity to buy in at the current price. They pretty confidently see themselves doubling their investment with 12 months… possibly in as little as half that time.

 

Meanwhile, regardless of all the right-wing-flavored Apple bashing going on over at Yahoo (their regular news comments are equally harsh in general, so I think it's just a magnet for those kinds of folk), every single person I know that has put their hands on an iPad Mini has bought, or is going to buy one. Every single one has said basically, "it would be cool if the screen were higher res, but it's fine as-is…it's in no way a deal-breaker, and I'll take the longer battery life over the higher res any day…"

 

That from roughly a dozen people so far… and about half of them are trying to "buy a few" as gifts too… it's going to be a huge seller this season.

 

Here's a number to get your head around… extrapolating the expected numbers for the next two quarters, Apple will be on track to sell nearly 300 MILLION iDevices over the next 12 months…. that's just extraordinary. 

post #17 of 66

I had decided not to buy an iPad mini both because it was >$300 and had no Retina display.  However, after seeing one in person, I've revised that decision and will be buying one on Tuesday--if I can find one!  Now I just have to decide between black or white and 16GB or 32GB...

post #18 of 66
Quote:
Originally Posted by Quadra 610 View Post

The Mini is a stroke of genius. 

But it's just a big iPod Touch...that's added the ability to make calls...been enlarged...had the phone features removed...then shrunk again!

Apple is Doomed, etc, etc...
Apple managed the astonishing feat of getting the equivalent of a personal computer into the hands of everybody from eight to eighty year olds, and did so while providing absolutely no instructions...
Reply
Apple managed the astonishing feat of getting the equivalent of a personal computer into the hands of everybody from eight to eighty year olds, and did so while providing absolutely no instructions...
Reply
post #19 of 66

Wow!! Add another 60 million iDevices to the 100 million out there! What a powerful mass of users to write apps for! 

 

While the Android market may seem to be bigger it's really a whole lot of screen sizes and geometries as well as every OS version from infinity and beyond.

 

On another note, that the mini is eating into PC sales like it is, says that Microsoft, entrenched in PC OS, Xbox, and tablets for consumers, is backing fading/dying markets. We are into the post-PC era, dedicated game counsels are so last-decade, and few want Windows 8 on their phone or tablet. If enterprise doesn't adopt Windows 8, what else is there but servers and Office?

"That (the) world is moving so quickly that iOS is already amongst the older mobile operating systems in active development today." — The Verge
Reply
"That (the) world is moving so quickly that iOS is already amongst the older mobile operating systems in active development today." — The Verge
Reply
post #20 of 66
I have to admit, the iPad mini is awesome. Now I have to re-order that LTE version.
post #21 of 66
As far as manipulating the stock.....that's already happening, Down another $11 today. PE at just under 12 when google is at 20, Microsoft is at 14 and Amazon is at 2,626! Ridiculous.
post #22 of 66
Quote:
Originally Posted by Cinder6 View Post

I had decided not to buy an iPad mini both because it was >$300 and had no Retina display.  However, after seeing one in person, I've revised that decision and will be buying one on Tuesday--if I can find one!  Now I just have to decide between black or white and 16GB or 32GB...


The non-retina display on the mini is such a non-issue.  It's good to hear that you too realized that.  I'll bet money that if/when the mini has a retina display and Apple manages to keep it as thin and light as the current one, be sure the iHaters will then use the  "See!! Apple realized their 1st-gen mini was flawed" argument.  Anything to keep their pathetic lives going when they're too embarrassed to get out of their parents' basement.

post #23 of 66

If this mini is as successful as this analyst says it is, it could potentially, over time, become Apple's biggest selling device, even bigger than the iPhone.

post #24 of 66
Quote:
Originally Posted by Shameer Mulji View Post

If this mini is as successful as this analyst says it is, it could potentially, over time, become Apple's biggest selling device, even bigger than the iPhone.

Everyone needs a phone.
Citing unnamed sources with limited but direct knowledge of the rumoured device - Comedy Insider (Feb 2014)
Reply
Citing unnamed sources with limited but direct knowledge of the rumoured device - Comedy Insider (Feb 2014)
Reply
post #25 of 66
Quote:
Originally Posted by Rogifan View Post

As far as manipulating the stock.....that's already happening, Down another $11 today. PE at just under 12 when google is at 20, Microsoft is at 14 and Amazon is at 2,626! Ridiculous.

My cash has all been put to work.

 

Speaking just for myself, I view this as a once-in-a-lifetime opportunity, given my horizon, my DCF analysis, my beliefs about Apple's growth opportunities, and my patience (since I don't need the cash for quite a while yet.)

post #26 of 66
Quote:
Originally Posted by Rogifan View Post

As far as manipulating the stock.....that's already happening, Down another $11 today. PE at just under 12 when google is at 20, Microsoft is at 14 and Amazon is at 2,626! Ridiculous.

Google's turn is coming. I expect a 20% drop over the next 6 months.

melior diabolus quem scies
Reply
melior diabolus quem scies
Reply
post #27 of 66
Quote:
Originally Posted by Shameer Mulji View Post

If this mini is as successful as this analyst says it is, it could potentially, over time, become Apple's biggest selling device, even bigger than the iPhone.


I was thinking that one can use an LTE mini instead of a smartphone.  You pay the same $30/month to ATT for 3GB.  You can talk with a feature phone while using the mini at the same time much more conveniently. 

post #28 of 66
Quote:
Originally Posted by anantksundaram View Post

My cash has all been put to work.

 

Speaking just for myself, I view this as a once-in-a-lifetime opportunity, given my horizon, my DCF analysis, my beliefs about Apple's growth opportunities, and my patience (since I don't need the cash for quite a while yet.)


Once-in-a-lifetime opportunity of buying AAPL is back in 2003.

post #29 of 66
Quote:
Originally Posted by Ireland View Post


Everyone needs a phone.

 

If they put a phone functionality in the iPad mini I would chuck my iPhone 5 tomorrow morning and just use the mini.  I'm sure a few hundred thousand other folks would too, if not millions.  

 

Given that you can kind of do this now in a half-assed way with Skype, it will certainly happen eventually. 

post #30 of 66
I expect the next blowout quarter to be met with more pummelling of the stock. Because you know, it's Apple.

But seriously, I bought @ 650 and am gonna hold. I think the situation will be much improved a couple months from now, when we're past the fiscal cliff nonsense, the Surface/Windows 8 have proven to be failure, Apple announced mind-blowing sales numbers, and possibly announcement of a TV of some kind.
post #31 of 66

Good. Maybe my leaps will break even someday.   I don't think the problem with the stock is news or how Apple is doing.  Its overweight by too many funds are they are running to the exits. No amount of news is going to do anything until the index funds are hedge funds are balance. At some point the tax selling will stop because there just won't be any more profit to take.

post #32 of 66
Quote:
Originally Posted by Gazoobee View Post

I find the mini to be an amazing product. Much better than the original iPad. It hardly seems to me that they are even related to each other given that the experience is so different, and so much better on the mini.
Anyone who disses the mini has no idea what they are talking about IMO.
So you're saying the iPad sucks? 1wink.gif
post #33 of 66
Quote:
Originally Posted by Gatorguy View Post

Google's turn is coming. I expect a 20% drop over the next 6 months.
When is Amazon's turn coming. If ever there was an overvalued stock it's Amazon.
post #34 of 66
Quote:
Originally Posted by Slurpy View Post

I expect the next blowout quarter to be met with more pummelling of the stock. Because you know, it's Apple.
But seriously, I bought @ 650 and am gonna hold. I think the situation will be much improved a couple months from now, when we're past the fiscal cliff nonsense, the Surface/Windows 8 have proven to be failure, Apple announced mind-blowing sales numbers, and possibly announcement of a TV of some kind.

You are obviously worried, don't be.

 

If you invested while using your brain (you used money you had that wasn't needed right now) don't worry. Apple is making tons of money, have low market shares, selling as much as they can of every product (even software and music), ramping up productions... it can only go up.

post #35 of 66
I have had an iPad mini since day 1. I really like the form factor, build quality, thinness, and weight. But, I do miss a retina display. I find myself gravitating back to my iPad 3rd Gen for any significant reading. The more I read, the more noticeable it is. I will be ordering the retina mini at 12:01 AM as soon as it is available. I doubt I will be buying a new 9.7 inch iPad, however, unless they pull off some weight and thinness magic for that form factor, ...which is entirely possible.
post #36 of 66
Open question to anyone who's used both an iPad Mini and a B&N Nook (2nd generation skinny one.)

My wife had a Nook and returned it, not liking how skinny the pages were displayed while reading a book. The ebook reader didn't have the option of displaying two pages like iBooks does when in landscape mode. Does the Mini do a better job of displaying book pages? Does the reduced screen area preclude reading two pages in landscape?

Any info would be greatly appreciated. We're not within decent driving distance to an Apple store, so no easy way of getting a firsthand look for a while.

Thanks in advance!
post #37 of 66
Quote:
Originally Posted by Slurpy View Post

I expect the next blowout quarter to be met with more pummelling of the stock. Because you know, it's Apple.
But seriously, I bought @ 650 and am gonna hold. I think the situation will be much improved a couple months from now, when we're past the fiscal cliff nonsense, the Surface/Windows 8 have proven to be failure, Apple announced mind-blowing sales numbers, and possibly announcement of a TV of some kind.

 

 

Hang onto it. It'll hit way past 800, and even approach $1000 in less than 2 years. 

 

Apple has some serious goodies in the works. 

post #38 of 66
Quote:
Originally Posted by Gazoobee View Post

 

If they put a phone functionality in the iPad mini I would chuck my iPhone 5 tomorrow morning and just use the mini.  I'm sure a few hundred thousand other folks would too, if not millions.  

 

Given that you can kind of do this now in a half-assed way with Skype, it will certainly happen eventually. 


We've all seen how ridiculous Samsung Galaxy Note users look using it as a phone.  Can you imagine how incredibly ridiculous ipad mini with phone capabilities would look.  the Note aside, I think the GS3 looks dumb as well so you can imagine my view on your idea.  I highly doubt millions would want to use in such a way.  I know your going to bring up headphones but most people don't walk around with headphones in ear all day ready to receive calls so its not practical.  Just my opinion.

post #39 of 66

I bought at 608 2 weeks ago and again today at 527.  In past years I had been buying all the way up from 96 to 350.  For the investor with a 2+ year horizon and the 2% dividend, what's not to like?  

post #40 of 66
Quote:
Originally Posted by cherrypop View Post


*Update: I wanted to add a link to this article, that suggests that 1/3 of PC users faced with the question of whether or not they'll upgrade to Windows 8 say they're going to switch to Mac.

The section of the poll that asked if PC users were interested in upgrading to Windows 8 indeed had a very low number. That was separate from the question about whether they were planning to get a new computer.

 

It didn't say nearly one third of respondents were planning on getting an Apple product. Only sixteen percent of the people in the poll said they were planning to buy a new computer, of that sixteen percent, thirty percent said they wanted an iPad and twelve percent wanted a Mac. That is not quite seven percent of the poll respondents saying they were going to buy an Apple product.

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