Seeking Alpha

Apple roundup: iPad 2, iPhone 6 leaks, FQ3 estimates

  • Apple Insider reports Apple (AAPL +1.4%) is set to discontinue the iPad 2, given the relative popularity of the iPad Air and Mini.
  • Apple's decision to keep the iPad 2 (originally launched in 2011) around at an unchanged price of $399 following last fall's Air/retina Mini launches raised eyebrows. Wal-Mart recently offered the iPad 2 for $299 in a promotion.
  • Images said to depict iPhone 6 casings have leaked out of China. The images show a device that has a larger screen than the 4" iPhone 5S/5C, and is also thinner.
  • The WSJ, Bloomberg, and others have reported Apple plans to launch two larger iPhones; Bloomberg's reported stated the screen sizes will respectively be 4.7" and 5.5".
  • Jefferies' Peter Misek has cut his FQ3 (calendar Q2) iPhone sales forecast by 3M to 33M, citing checks that point to builds of only 25M-30M and expectations of soft demand ahead of an iPhone 6 launch.
  • At the same time, Misek reports Apple's suppliers "continue to give pricing concessions," something he predicts will lift margins. Misek's report could be a negative for Apple-dependent Cirrus Logic (CRUS -0.4%), whose gross margin has already been under pressure.
  • Update: The images may be fake. Observers have noted textures and fonts are inconsistent with those of the iPhone 5S.
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Comments (15)
  • Wilson Wang
    , contributor
    Comments (857) | Send Message
     
    Misek and his BS at it again. GTFO of here Misek.

     

    Do the opposite of what he does.

     

    Here's proof, http://bit.ly/1lKDvJa
    13 Feb, 02:34 PM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (857) | Send Message
     
    Misek has a Buy rating on Apple.
    13 Feb, 02:37 PM Reply Like
  • nguyenvanphuoc
    , contributor
    Comments (388) | Send Message
     
    "Misek has a Buy rating on Apple."

     

    Regardless of his current rating, you'd have to be a fool to buy into anything he says about Apple. As a reminder, read this:

     

    http://bit.ly/128FZoh

     

    The people that talk loudest and most often seem to get the most play here on SA. Michael Blair is a beautiful case study in this regard.

     

    And, as I just questioned the wisdom of a Moderator, count on this post to be deleted forthwith.
    13 Feb, 05:42 PM Reply Like
  • Andrew A
    , contributor
    Comments (175) | Send Message
     
    Margins shrinking?? Really? Most any company in the world would give anything to have half of Apple's margins... including Misek's. If Samsung and Windows didn't have to advertise so much to stay in the game, they would have better margins too... of course, not like Apple.
    Fun to watch slow, steady growth in a company that has their product in most every household in the free world.
    13 Feb, 02:49 PM Reply Like
  • mack520
    , contributor
    Comments (33) | Send Message
     
    Just because they keep selling more stuff at very respectable margins doesn't mean they're not doomed.
    13 Feb, 02:59 PM Reply Like
  • chenmj
    , contributor
    Comments (673) | Send Message
     
    Misek is actually predicting Apple 's margin expansion not margin shrinking because suppliers' price concession.
    13 Feb, 04:59 PM Reply Like
  • chenmj
    , contributor
    Comments (673) | Send Message
     
    Your ''Apple is doomed'' swan song has no fundamental basis as I believe it is all in your head based on your negative emotion against Apple.
    13 Feb, 05:04 PM Reply Like
  • David RG
    , contributor
    Comments (1350) | Send Message
     
    Indeed. Apple fanatics don't actually read the articles before commenting.
    13 Feb, 05:04 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9091) | Send Message
     
    David RG

     

    Neither do Intel haters and AMD bulls ;-)
    13 Feb, 06:39 PM Reply Like
  • Bouchart
    , contributor
    Comments (780) | Send Message
     
    I'm surprised the iPad 2 was still in production.
    13 Feb, 04:14 PM Reply Like
  • Magical Alpha
    , contributor
    Comments (10) | Send Message
     
    The iphone 6 leak is fake, it was Photoshopped and it's been confirmed.
    13 Feb, 05:42 PM Reply Like
  • MIKE LARRI
    , contributor
    Comments (18) | Send Message
     
    To all the AAPL haters, you couldn't be more wrong, in the long run 12-24 months from now, it has HUGE potential and I won't be surprised if it goes pass 750-825 a share!
    13 Feb, 07:19 PM Reply Like
  • SA User 74XXXXX
    , contributor
    Comments (564) | Send Message
     
    Regarding Apple's suppliers, their margins are being squeezed by the global smartphone ASP plunge anyway. Also it is not Tim Cook's responsibility to care about their stocks.
    13 Feb, 09:57 PM Reply Like
  • SoCalNative
    , contributor
    Comments (496) | Send Message
     
    iPad I in tha house! Whoop.
    14 Feb, 12:37 AM Reply Like
  • strattitarius
    , contributor
    Comments (19) | Send Message
     
    The images are confirmed fakes. It was an easy spot by anyone with knowledge of digital photo manipulation.

     

    The next iPhone won't have any stellar physical characteristics that you can't get on any other smartphone. Apple will have something software based (Siri 2), or accessories (iWatch).

     

    The fact that screen size is so important to iPhone users shows the weakness of the Apple brand. 1 size fits all. It has worked to grab 15% of the market, but it can't get much above that. In fact, I am sure the iPhone is the best selling single model, but Samsung just has to release a slightly smaller, same size and slightly bigger model to almost instantaneously capture more market share than Apple. For the most part these phones are priced the same. Throw in a cheaper phone and Samsung tramples Apple in smartphone market share (current standings).

     

    This is exactly the same as their computers. They don't have many models, the are not easily configurable or upgrade-able, and they will ultimately be a niche player. There is money to be made in niche markets.

     

    Let's not forget that there is a new player messing with Apple's money tree... Beats Audio. It's "cooler" than Apple for the moment. Youngsters will switch as they are not as locked in as older iTunes users. Does it stand a chance against iTunes? Not sure.
    14 Feb, 05:37 PM Reply Like
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