- 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.