Sat, Jul 12, 2014, 7:08 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Nam Tai Electronics, Inc. Message Board

  • spotter9999 spotter9999 Dec 4, 2012 10:27 AM Flag

    Apple Has 'Dramatically Improved' iPhone 5 Supply

    By Patrick Seitz, Investor's Business Daily
    Posted 12/03/2012

    Apple (AAPL) appears to have worked out the kinks in its production of the iPhone 5 and now has a "dramatically improved supply" of its sixth-generation Smartphone, Canaccord Genuity analyst Michael Walkley said Monday.

    "Our November channel checks indicated very strong sales of the iPhone 5 at AT&T (T), Verizon and Sprint (S), and also in international markets, with dramatically improved supply," Walkley wrote in a research note. "Given these checks combined with Apple's strong plans for an iPhone 5 ramp to 240 carriers in 100 countries by year-end, including China on Dec. 14, we have slightly increased our above-consensus December quarter iPhone estimates."

    The research firm's November retail channel checks also indicated strong sales of the older model iPhone 4 and 4S, "with the iPhone 4 sold out at many stores."

    Walkley increased his December-quarter iPhone SALES ESTIMATES TO 47.5 million units from 45 million. But he lowered his March quarter estimate to 46 million from 47.5 million.

    Given his forecast for better-than-expected iPhone sales this quarter, Walkley says Apple's December-quarter gross profit margin guidance of 36% could prove to be conservative. He is modeling 38.7% gross margin this quarter.

    Walkley has a buy rating on Apple stock with a price target of 800. Apple shares were up a fraction, near 590, in afternoon trading Monday.

    Demand is looking very good, original forecasts FOR 2013 was for 160 million IPhone 5's, this estimate will be increased soon.

    NTE is at full capacity for Smartphone LCD's and will be throughout 2013, could be that NTE will be requested to increase capacity.

    Sentiment: Strong Buy

 
NTE
7.020.00(0.00%)Apr 21 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.