There are plenty of reasons to be enthusiastic about Apple’s massive earnings call yesterday. One analyst who’s not happy, however, is Barclays analyst Tim Long. In a note to clients, Long writes that Apple average selling price for iPhones may be slipping.
At $17k, the Apple Watch Edition is currently the most expensive product Apple sells.
But according to Piper Jaffray analyst Gene Munster, that record is likely to be obliterated when the Apple Car finally ships — since his projected price tag of “around $75,000” would put it at around four-and-a-half times the cost of Apple’s high-end wearable. Or the equivalent of 100 brand new iPhones 6s handsets.
When will the iPhone 6 be released? Ever since the iPhone 4s, Apple has unveiled the next iPhone in September, but at least one analyst is now claiming that Apple might go back to a WWDC launch in 2014.
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.
As you may have seen in our previous post on Apple’s fourth quarter (Q4) financial report, the Cupertino company has beat out Wall Street expectations this quarter, showing off a revenue of $37.5 billion with a hefty 7.5 billion profit to go along with it.
To help you make sense of Apple’s business this quarter, as well as some general trends of the last five years, we’ve taken it upon ourselves to put together some charts in an easy-to-read format to show you how the numbers break down, from revenue and profit margins to how many devices Apple is selling, to how much money it’s making from those sales.
Let’s take a look at some of the numbers in visual form, and see what we can take from it.
Even though most of the focus has shifted t the iWatch, people can’t seem to stop talking about Apple’s mythic HDTV, the iTV. Case in point: ahead of today’s iPad event, a Tokyo-based analyst has gone on record out of the blue saying 4K 55-inch and 65-inch iTVs are coming next year.
NPD DisplaySearch is one of the more reputable sources of supply-chain chatter there is, and they are currently making some bold predictions when it comes to Apple’s future iOS device line-up, from the iPhone 6, Retina MacBook Air, Apple HDTV and iWatch. Not only do they say that Apple is intending on announcing a retina iPad mini later this month (fingers crossed), but they say a larger iPhone is a certainty. In fact, they think every Apple display will improve across the board.
One of the problems that Apple has launching new iPhones in late September is that even though every iPhone release sells more than the release before it, they don’t actually bump Apple’s quarterly numbers as much as they could.
Why? Let’s take this year as an example. All signs point to the iPhone 5S and iPhone 5C launching on September 20th, but Apple’s financial quarter ends on September 30th. That gives Apple just ten days to sell as many iPhones as possible to bump up their quarterly results. It’s the October – December quarter where Apple sees the most iPhone sales.
So how many iPhones can Apple sell in just ten days? According to Pacific Crest analyst Andy Hargreaves, a lot. He thinks Apple can sell up to 13 million iPhones before the quarter closes.
Almost half of the top 50 apps on iPad are unavailable or have not been optimized for competing devices that run Google’s Android operating system. That’s according to a new report from Canalys, which believes Google should be doing more to encourage top developers to build high-quality tablet apps for its platform.
Piper Jaffray analyst Gene Munster might be a bit of a laughing stock when it comes to the so-called Apple HDTV, but he’s still one of the go-to soothsayers for investors looking for an early heads-up on what Apple might do next. In a new report, Munster is making a rather strange claim: he says that Apple’s low-budget iPhone 5C will ship without Siri.
After spending most of his career covering Apple and other tech companies, Gartenberg is now batting for the other team. He has reportedly accepted a job on Apple’s own marketing team, and he now reports to Phil Schiller.
Jefferies & Co.’s Peter Misek is our favorite know-nothing analyst, having been proven hysterically, horribly wrong on about every major Apple prediction he’s ever made. He’s probably safe on this prediction, though: even Misek doesn’t think Apple’s going to surprise us with a new iPhone in June. But he’s still kind of an idiot, since it directly contradicts his own prophecies back in December.
In Apple’s latest earnings call, CEO Tim Cook was suddenly equivocal about whether or not Apple would do an iPhone with a larger display.
“Our competitors have made some significant tradeoffs in many of these areas to ship a larger display,” Cook said on the earnings call. “We would not ship a larger display iPhone while these tradeoffs exist.”
What that hints is Apple doesn’t have a larger screen iPhone in its pipeline yet, but they’re working on one, without any of the tradeoffs of the competition. (What these tradeoffs actually are in Apple’s mind are anyone’s guess.)
A new analyst report suggests that this larger screen iPhone will be the iPhone 6, and it will land in summer of 2014. This year, we’ll just have to deal with an iPhone 5S in a bevy of peacock fan of different color options.
Apple will announce its second quarter financial results at 5 p.m. EST today, and this could be one of the company’s most interesting earnings calls for some time. Wall Street has been less than optimistic about the Cupertino company’s recent performance, and some believe that Apple will post its first quarter of negative growth income for over a decade.
But some analysts are a little more positive. According to averages put together by Yahoo! Finance, Apple is likely to announce revenue between $41 billion and $43 billion for the second quarter, with margins between 37.5% and 38.5%.
I’ve been writing for Cult of Mac for almost three years now, and in that time I’ve covered some pretty farfetched Apple rumors. But the latest from Forbes comes with a whole new level of crazy.
“Some Wall Street sources close to some Apple executives” say the Cupertino company could be searching for a replacement for Tim Cook, it claims, before suggesting Cook could turn Apple into another Hewlett-Packard or JC Penney and insisting “Apple’s shine has faded” since the passing of Steve Jobs.
Apple’s quarterly profit probably fell for the first time in over a decade, thanks to new products with lower profit margins and a slowing demand for the iPhone, Bloomberg reports. Fourteen analysts have reduced their estimates for Apple in recent weeks, and on Friday, the Cupertino company’s share price fell below $400 for the first time since December 2011.
Like a psychic, the bread and butter of most analysts is to make wild predictions to their clients and then, when they don’t come true, pretend like those predictions were never made to begin with. When that fails, another ploys analysts, like psychics, sometimes use is overly vague predictions that could literally be fulfilled by anything.
Morgan Stanley analyst Katy Huberty’s latest bit of soothsaying falls into the latter cam: she claims that after meeting with Apple management recently, she feels quite certain that Apple could release a “killer app” this year. Only one, Katy?
Earlier this week the web was assaulted with a bevy of horribleApple rumors from analyst Peter Misek. Along with claiming that Apple was going to have an Apple TV SDK event in March, Misek said Apple’s 4.8-inch iPhone will launch next year, and that iPhone 5 sales are slipping.
It only took a few minutes before Misek’s B.S. was shot down, so rather than launching his own barrage of crappy Apple TV rumors, Piper Jaffray’s analyst, Gene Munster, decided to tell investors he has no idea what Apple’s got up it’s sleeve right now, but there’s surely something.
Apple will announce its quarterly earnings for the 2012 holiday season tomorrow, and investors are nervous. The company’s stock has been on quite the roller coaster ride since its $700 high back in September 2012. AAPL is now trading right around $500, which is the lowest it has been in more than six months.
Recent reports have said that demand for products like the iPhone is faltering. That’s why it may come as a surprise that Wall Street expects Apple to have its best earnings report ever tomorrow. So is it a good time to sell AAPL? Now may actually be the best time to buy.