Much like UBS and Raymond James, Evercore's Rob Chira is offering a mixed outlook for iPhone...

Much like UBS and Raymond James, Evercore's Rob Chira is offering a mixed outlook for iPhone sales. He sees FQ1 (Dec. quarter) sales coming in at a strong 50M, but expects volumes to drop to 39M in FQ2. Estimating 49% of iPhone sales now involving existing customers (up from 32% a year ago), Chira is cutting his FY13 revenue forecast for Apple (AAPL -0.3%) to $182B (consensus is at $191.5B). He still sees 24M iPads being sold in FQ1, but now expects 10M of them to involve the Mini (up from a prior 8M).

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Comments (6)
  • mogando
    , contributor
    Comments (313) | Send Message
    Another idiot analyst ... LG / HTC / Moto would DIE for quarterly sales of 39mil at $650 ASP, but somehow AAPL must be graded on a curve, so 39M is a "mixed outlook", but Samsung selling cell phones at only $300-350 ASP (inc dumbphones) is a "winner".


    5-6 years ago GOOG makes more profit than AAPL. Today AAPL generates more profit per quarter than GOOG generates in revenue. According to all these analysts, GOOG is the winner.
    3 Jan 2013, 12:29 PM Reply Like
  • Applocrat
    , contributor
    Comments (1004) | Send Message
    Does anyone know where how they get the Data about adoption habits?
    3 Jan 2013, 01:06 PM Reply Like
  • rocback
    , contributor
    Comments (1100) | Send Message
    I love analysts like this. It keeps the price down while I can accumulate it along with Apple's buy back.
    3 Jan 2013, 12:59 PM Reply Like
  • pedroaf
    , contributor
    Comments (42) | Send Message
    Yes, much like UBS that 1 day before the press release of the 2 million iPhones sold in China, said that iPhone 5 in China have disappointed sales and no lines. Just a bunch of idiots with conflict of interest. Summarizing: dishonest people.
    3 Jan 2013, 01:51 PM Reply Like
  • Ericpix
    , contributor
    Comments (2) | Send Message
    He's just guessing like every other analyst.
    3 Jan 2013, 05:33 PM Reply Like
  • ArmchairHero
    , contributor
    Comments (114) | Send Message
    no need for analysts to keep the price down, not much interest in buying AAPL no matter what earnings are going to be... its all about guidance, new products, and China Mobile (lack of, until any positive update).
    3 Jan 2013, 11:58 PM Reply Like
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