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Canaccord ups Apple PT, reports positive 5S checks

  • April checks indicated the iPhone 5S (AAPL -0.9%) was the top-selling phone at all major U.S. carriers as well as in many global channels, writes Canaccord's Mike Walkley while upping his PT by $50 to $660. He adds U.S. sales "came down from March levels" following Samsung's Galaxy S5 launch.
  • Walkley also reports of strong interest in smartphone early upgrade programs, and thinks the offerings are giving a lift to high-end smartphone sales. T-Mobile has seen strong uptake for its Jump upgrade program, and AT&T stated last month its Next upgrade program saw 2.9M sign-ups in Q1.
  • Like Pac Crest, Walkley thinks Apple could charge a premium for a bigger iPhone. Jefferies has reported Apple is trying to push through an iPhone 6 price hike, with carriers playing hardball for now.
  • Apple is two weeks removed from reporting stronger-than-expected March quarter iPhone sales. Solid emerging markets/4S demand contributed to the growth; that, in turn, led ASP to drop $41 Q/Q to $596.
Comments (3)
  • scott trader
    , contributor
    Comments (4502) | Send Message
     
    Seattle t mob regional manager says apple is killing it compared to samsung...also noted samclones fingerprint id is a problem...
    8 May, 04:33 PM Reply Like
  • Zipper0
    , contributor
    Comments (314) | Send Message
     
    Samsung just fired its Galaxy phone design chief for sluggish Galaxy S5 sales, according to Bloomberg. Korea is famous for counterfeiting Western luxury goods, and it's really not the design chief's fault if all he knows how to do from birth is copy and plagiarize. It's also inevitable he'll fall on his face if he goes out on a limb and designs something but fails due to a lack of any innate design sense. Hyundais will simply never be BMWs. The greater point is that without any original design of its own, Samsung cannot escape the inevitable outcome of commoditization. For every great artist, there are a dime a dozen imitators, and Samsung like the Chinese Android OEMs are all just imitators of Apple in the end. There will always be only one Apple.
    8 May, 08:46 PM Reply Like
  • LowBetaPortfolio.com
    , contributor
    Comments (10) | Send Message
     
    Apple is a great low-beta growth story!
    8 May, 10:49 PM Reply Like
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