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More on UBS/Apple: Milunovich's iPad forecasts for FQ2-FQ4 are falling by 2M/quarter, and his...

  • Friday, December 14, 2012, 10:35 AM ET
    More on UBS/Apple: Milunovich's iPad forecasts for FQ2-FQ4 are falling by 2M/quarter, and his FY13 EPS forecast to $47 from $51.50. If this gloomier assessment pans out, is consumer demand for larger smartphone displays (especially outside the U.S.) partly responsible? And if so, will Apple be driven to finally offer an iPhone with a ~4.5" display? Apple is back to trading at a paltry 7x FY13E EPS, and component suppliers are off again: QCOM -4.6%. CRUS -5.1%. TQNT -3.1%. SWKS -4.7%. AVGO -4.4%. BRCM -3%. OVTI -1.2%. (Wozniak)
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    I have checked with my private sources and have come to a strikingly different forecast. I have found suppliers have had their orders increased for both the iPad and the iPhone parts. I do not know what Milunovich is basing his projections on, but I would suggest he check his sources. I believe he is going to "eat a lot of crow" when the actual results come out.
    14 Dec 2012, 11:22 AM Reply Like
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