“Availability of the iPhone 5 is improving despite what Wu referred to as ‘robust demand’ for the device,” Hughes reports. “He expects Apple will sell 47.3 million units in the December quarter, a forecast slightly greater than market consensus of between 45 million and 46 million iPhones sold during the holiday quarter.”
Hughes reports, “Word of improved production of the iPhone 5 also prompted Wu to increase his gross margin forecast for Apple’s current quarter. He now believes Apple will achieve margins of 38.5 percent during the three-month frame, up from a previous prediction of 38 percent.”
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