UBS sees Apple selling 78.4M iPhones this holiday, growing sales 4% in fiscal 2016

in AAPL Investors edited November 2015
Investment firm UBS believes Apple will sell a record 78.4 million iPhones this holiday season, easily topping the company's best-ever quarter from a year ago and continuing to eat away at competitor market share.

Analyst Steven Milunovich issued a note to investors on Monday, a copy of which was provided to AppleInsider, in which he gave his outlook on iPhone sales for the near future. He expects yet another record December quarter for Apple, besting the 74.5 million iPhones the company sold in the same period a year ago.

Into calendar 2016, Milunovich has predicted Apple will sell another 61 million iPhones in the March quarter, in what he admitted is a "conservative" forecast.. His estimates call for the iPhone 6s product cycle to post 4 percent unit growth over the iPhone 6.

While some investors have expressed concerns that the iPhone 6s could result in lackluster demand and a year-over-year decrease in units, Milunovich does not share those fears.

While the larger smartphone market flattens out, he believes Apple will "gain significant share" in the coming months from its rivals, even if overall iPhone sales do not continue to grow at the same blockbuster pace seen in years past.

A potential wildcard for 2016 iPhone sales is a rumored refresh of the 4-inch iPhone form factor, which has been rumored to debut in mid-2016. Milunovich said the introduction of a new handset in that form factor could boost overall sales by about 10 million units.

UBS has maintained a "buy" rating for shares of AAPL, though the firm did lower its price target from $150 to $140.


  • Reply 1 of 5
    calicali Posts: 3,494member
    I don't care for rumors but a "c" version mid cycle would disrupt the market and hurt competitors even more.
  • Reply 2 of 5
    jungmarkjungmark Posts: 6,924member
    Matching last year's numbers isn't lackluster when the number to match is 74.5 million units!
  • Reply 3 of 5
    dasanman69dasanman69 Posts: 13,002member
    cali wrote: »
    I don't care for rumors but a "c" version mid cycle would disrupt the market and hurt competitors even more.

    Who is there to hurt? Seriously
  • Reply 4 of 5
    hope the 4" version is a full version with just a smaller screen and not a gimped version...that would be great for sales.
  • Reply 5 of 5
    Didn't Tim say holiday sales would be up YOY on the last earnings conference call? If so, 3.9M phones doesn't seem like a particularly bold call.
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