Top-selling iPhone 5 flanked by strong sales of legacy iPhone 4S & 4
While the iPhone 5 has been the top selling handset at the three largest carriers in the U.S., Apple's legacy iPhone 4S and iPhone 4 handsets have also been strong performers this holiday shopping season.
Channel checks conducted by Michael Walkley of Canaccord Genuity found that sales of the iPhone 5 have been "very strong" at AT&T, Verizon and Sprint. He also indicated that international sales of Apple's latest smartphone have been positive for the company.
While the iPhone 5 is Apple's top selling model, as expected, Walkley's checks also found that sales of the legacy iPhone 4S and iPhone 4 models have also been strong. In particular, he discovered that the iPhone 4 ? which is available for free with a new two-year service contract ? was sold out at many stores.
Apple has also worked to catch up with demand for the iPhone 5, and inventory is said to be greatly improved, resolving earlier constraint issues. Apple's ability to meet demand comes as the company is set to launch the iPhone 5 in more than 50 new countries in the next few weeks, including China, South Korea, Brazil, Russia and Taiwan.
With those launches set to take place during the holiday quarter, Walkley sees Apple selling a total of 47.5 million iPhone units for the three -month frame. That would represent a 77 percent sequential unit increase in iPhone sales.
By the end of the year, Apple will have launched the iPhone 5 in 100 countries with 240 carriers. Given the continued strong performances of the iPhone 4S, released in 2011 and iPhone 4, from 2010, Walkley believes this is only the beginning for the iPhone 5 in what he expects will be a "strong multi-year product cycle."
Canaccord Genuity has reiterated its "buy" recommendation for AAPL stock, with a price target of $800. Walkley believes strong sales of the iPhone?? Apple's highest margin product line ? will help the company achieve gross margins of 38.7 percent in the December quarter.
Channel checks conducted by Michael Walkley of Canaccord Genuity found that sales of the iPhone 5 have been "very strong" at AT&T, Verizon and Sprint. He also indicated that international sales of Apple's latest smartphone have been positive for the company.
While the iPhone 5 is Apple's top selling model, as expected, Walkley's checks also found that sales of the legacy iPhone 4S and iPhone 4 models have also been strong. In particular, he discovered that the iPhone 4 ? which is available for free with a new two-year service contract ? was sold out at many stores.
Apple has also worked to catch up with demand for the iPhone 5, and inventory is said to be greatly improved, resolving earlier constraint issues. Apple's ability to meet demand comes as the company is set to launch the iPhone 5 in more than 50 new countries in the next few weeks, including China, South Korea, Brazil, Russia and Taiwan.
With those launches set to take place during the holiday quarter, Walkley sees Apple selling a total of 47.5 million iPhone units for the three -month frame. That would represent a 77 percent sequential unit increase in iPhone sales.
By the end of the year, Apple will have launched the iPhone 5 in 100 countries with 240 carriers. Given the continued strong performances of the iPhone 4S, released in 2011 and iPhone 4, from 2010, Walkley believes this is only the beginning for the iPhone 5 in what he expects will be a "strong multi-year product cycle."
Canaccord Genuity has reiterated its "buy" recommendation for AAPL stock, with a price target of $800. Walkley believes strong sales of the iPhone?? Apple's highest margin product line ? will help the company achieve gross margins of 38.7 percent in the December quarter.
Comments
BREAKING: DUH
More at 11.
Increase over last years' Q or last Q? Nah, doesn't matter, 47M is a helluva lot!
Apple is doomed!
Quote:
Originally Posted by 512ke
Apple is doomed!™
That is the correct quote....
Originally Posted by Rogifan
iPhone 5 sales even better than earlier thought, Canaccord says
Meanwhile, "Samsung sales proven to be lies"
And somehow they're still "winning" on most charts.
Hows does 2 gen old model (iPhone 4) being out of stock, indicate brisk sales... what if Apple only made a dozen?
That being said, people buying the older versions are missing out. LTE makes my phone actually usable now
Originally Posted by skyzlmt
…what if Apple only made a dozen?
Obviously not the case.
LTE makes my phone actually usable now
And people said I was wrong to hate the idea of cellular data.
No wonder the providers & shops keep pushing android phones in special deals & offers, they are probably desperate to clear their stocks to release the money tied up in them before they become more or less worthless. Same goes most of the other pads / tablets too.
Scully was on CNBC this morning talking Apple and had nothing bad to say about it. Yet the chyron at the bottom of the screen read Scully: iPhone 5 and iPad mini are not breakthrough products. :rolleyes:
Quote:
Originally Posted by Rogifan
When the media has a meme they know how to push it. And right now they're pushing the Samsung Rocks! meme.
Scully was on CNBC this morning talking Apple and had nothing bad to say about it. Yet the chyron at the bottom of the screen read Scully: iPhone 5 and iPad mini are not breakthrough products.
Sculley? Surely you're not talking about that guy that drove Apple into the ground. No one cares what he has to say, and should go back to selling sugar water.
Chris
I think "sequential unit increase" means the comparison is against the previous quarter.
If they meant last year's corresponding quarter, they should have said "year over year unit increase" or "YOY unit increase".
An iPhone is an iPhone.
There's a reason every iPhone that has ever existed has absolutely dominated Consumer Satisfaction reports.
Quote:
Originally Posted by skyzlmt
Hows does 2 gen old model (iPhone 4) being out of stock, indicate brisk sales... what if Apple only made a dozen?
That being said, people buying the older versions are missing out. LTE makes my phone actually usable now
Because they have daily shipments to each store and if the product is readily available, they obviously are selling more than they expected through the physical stores. What matters is what the actual numbers are. The 4S will probably sell damn near 100 Million units in it's lifetime. Remember, the equivalent SII only sold about 28 Million units. I suspect that Apple is going to have some major numbers once China Mobile gets signed on to sell Apple iPhones. HUGE pent up demand there.
Quote:
Originally Posted by Slurpy
In all honesty, I'm blown away that Apple still sells the iPhone 4 for $450 tax unlocked. I mean, ****. It's almost a 3 year old phone that can't even run most flagship iOS6 features. But I guess they need to keep the 'perceived value' thing up.
Some people want an inexpensive smartphone with the basic features and that one is a well made product. Siri isn't something that is a mainstream feature that everyone has gotten used to and uses on a regular basis. It's one of those "great demo" type features that people have to changed their behavior to get it become mainstream. Some adopt it sooner than others. I personally, haven't adopted it in the use of my iPad to be a regular feature I use. I've played around with Siri and Google's Voice search and have found both to be about 50% working. Neither one works better than the other.
Voice recognition is STILL something that needs further development. I would be interested to check out IBM's Watson if they wrote an iPhone/iPad app for us to use.
But I recognize other people have different needs. Just like not everybody needs the latest features or technology, especially when it means potentially entering into a new two-year contract. And I certainly don't see it as compromising the iPhone experience. It runs OS 6 extremely well. Sure you can't take panoramic photos, or use Siri, but that's what choice is about. I don't know anybody who relies on Siri, but if you want that then its available, for a price. FaceTime over cellular is a nice option too, but if you don't use it, what difference does it make?
Once you make a determination about whether you want LTE or not, most of the rest of the decisions are really about OS 6. You just look at this chart, make your choices and pay accordingly. And not everybody needs the 4S or 5 features. In fact I would say MOST everybody could live without them.
http://support.apple.com/kb/HT5457