The Loch Ness monster of Apple rumors isn’t completely dead yet.
Rumors surrounding Apple’s plans for TV have been picking up considerably as its Worldwide Developers Conference draws near in June.
But the idea of a standalone Apple TV set (not the little hockey puck that exists already) eventually becoming a reality is starting to look pretty bleak. Not everyone has given up hope, though. As the biggest proponent of the Apple HDTV rumor throws in the towel, one of the world’s most powerful investors remains convinced that it will happen.
Apple could be sitting on a goldmine with its own Apple-branded car. Photo: Jim Merithew/Cult of Mac
As rumors of an Apple car start to gain speed, Piper Jaffray analyst Gene Munster has run the figures to find out what kind of business proposition automobiles could be for a company that tends to steer clear of small or low-margin markets.
His verdict? If Apple cars were even a “moderate success,” Tim Cook and pals could be looking at an extra $50 billion per year in revenues. To put that figure in context, it would be an increase of 23 percent on top of the already impressive cash-generating machine that was Apple in 2015.
Ahead of today’s Apple earnings call, Piper Jaffray analyst Gene Munster has taken a shot at forecasting how the rest of the year may play out, in a research note to investors. His guess? All in, Apple can expect to sell between 56.7 million and 62.7 million iPhones this quarter.
If Munster’s on the money, that means unit sales of the iPhone could leap between 25 to 45% compared with the previous quarter last year. Not bad, huh?
The iPad may be more popular than ever among young people, but according to one analyst that same level of excitement doesn’t carry over to the forthcoming Apple Watch.
In a research note to clients, Piper Jaffray analyst Gene Munster describes reaction to the Apple Watch among teens as “tepid,” despite the fact that Apple remains an incredibly popular brand.
According to Munster, interest in the Apple Watch actually fell over the past year — starting out at 17% interest from teens in spring, and lowering to 16% just prior to Apple’s September 9 unveiling of its wearables device.
Gene Munster says not to expect sapphire screens except on the 64GB iPhone 6.
Piper Jaffries analyst Gene Munster: Thanks to his endless advocacy of the so-called Apple HDTV, claiming year after year that Apple’s television set is just a few months away, Munster’s a bit of a laughingstock, even amongst the shallow knowledge pool of most tech analysts.
Instead of predicting the imminent arrival of a mythical Apple device, though, in Munster’s latest note, he’s making a far more reasonable prediction: When the iPhone 6 makes its debut September 9, only the 64GB model will ship with a sapphire glass display. And he’s got a call on the iWatch as well.
Pretty much every Apple product has cannibalized sales from another one: the MacBook cannibalized the Mac, the iPhone cannibalized the iPod, the iPad cannibalized the MacBook, and the iPad mini cannibalized the iPad Air.
On its part, though, Apple has always been cavalier about cannibalizing its own sales. In February, 2013, Tim Cook told investors that “if we don’t cannibalize, someone else will.” Which is why Cupertino is unlikely to be worried about analyst concerns that a larger iPhone 6 could cannibalize sales of the iPad mini.
It’s hard to think of two analysts as different frome one another as Gene Munster and KGI Securities analyst Ming-Chi Kuo. While Munster has foolishly prattled on, predicting an Apple HDTV set every single year for at least five years without it coming true, Ming-Chi Kuo draws upon proven supply-chain sources across the Far East to make predictions about upcoming Apple products with almost unerring accuracy. When Munster opens his mouth, everyone laughs; when Kuo opens his, everyone listens.
So it’s odd to be writing a story in which Ming-Chi Kuo and Gene Munster’s predictions are lining up for a change, but it’s an odd world. In a recent note, Kuo argues that not only will an A7-powered Apple TV will be coming next year, but Apple will enter the living room with a proper HDTV set in 2015.