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Bernstein's Tony Sacconaghi becomes the latest analyst to air a cautious note about near-term...

Bernstein's Tony Sacconaghi becomes the latest analyst to air a cautious note about near-term iPhone (AAPL +1.9%) sales (I, II). Sacconaghi thinks Chinese sales may have fallen by 1.5M Q/Q in in the June quarter, thanks to an inventory build-up and a slowdown in sales at China Telecom (CHA - previous). However, he sees China's growing middle class increasing the iPhone's addressable market by 55M over the next 5 years, and notes the iPhone's customer loyalty remains unmatched.
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Comments (10)
  • rhiannion
    , contributor
    Comments (952) | Send Message
     
    Of course, only China sales should be considered - that's the most important customer base of all others.
    29 Jun 2012, 01:55 PM Reply Like
  • New Superhuman
    , contributor
    Comments (1182) | Send Message
     
    China is the most important customer base for future growth.
    1 Jul 2012, 02:03 AM Reply Like
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    I fully expect (and hope) the upcoming Apple numbers to "disappoint".

     

    Then I will buy more shares.

     

    The numbers won't have anything to do with anything.
    29 Jun 2012, 02:19 PM Reply Like
  • rhiannion
    , contributor
    Comments (952) | Send Message
     
    I know; it would be so bad to see the stock actually go up (or down) on the companies actual sells and effort - we need it to junk on rumour and speculation for buy ins.
    29 Jun 2012, 02:54 PM Reply Like
  • New Superhuman
    , contributor
    Comments (1182) | Send Message
     
    Yes, when you are part of the Apple cult, numbers are divorced from reality. All that matters is the name "Apple".
    1 Jul 2012, 02:03 AM Reply Like
  • sawchain
    , contributor
    Comments (130) | Send Message
     
    Sacconaghi has been wildly wrong about iPhone sales many, many times.
    29 Jun 2012, 03:04 PM Reply Like
  • earlalbin
    , contributor
    Comments (97) | Send Message
     
    I have specific insight as to how much switching/routing equipment CT is bringing on line in the quarter. CT isn't slowing pal. Take from this what you want, doesn't mean iPhone sales are up, but they are adding capacity for some reason, perhaps cable TV, who knows?
    29 Jun 2012, 03:07 PM Reply Like
  • azreeal
    , contributor
    Comments (108) | Send Message
     
    Well, yesterday I asked the AAPL longs to buy today so I could sell my 575 calls, thank you. (I made a 1000% profit today) Now, if the shorts would please fade todays rally Monday I would appreciate it, any day next week will work, but I'd like to take the rest of the week off so Monday would be better. Thanks again.
    29 Jun 2012, 04:40 PM Reply Like
  • Articuno
    , contributor
    Comments (99) | Send Message
     
    How did you make 10x your money? I don't get it....
    1 Jul 2012, 01:04 AM Reply Like
  • azreeal
    , contributor
    Comments (108) | Send Message
     
    I bought them at $50 (.50) on the 28th and sold them at $500 (5.00) on the 29th.
    2 Jul 2012, 12:37 AM Reply Like
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