Mark Gongloff blogs for The Wall Street Journal that Morgan Keegan analyst Tavis McCourt says that “based on a study of AT&T and Verizon’s quarterly results this week, iPhones are about to put the entire smartphone market in a headlock.”
After analyzing AT&T and Verizon results, we believe it is likely that smartphone sales may have declined in Q3:11 both sequentially and Y/Y for the first time ever in the US.
Obviously, a big part of this was the impact of the iPhone 4S being delayed until Q4, but there are also some ominous signs for Android vendors in these results given that there were a number of Android launches in the quarter at AT&T and Verizon, and yet Android sales likely declined sequentially and had only modest growth Y/Y.
We believe slowdown in Android/Blackberry/WP sales at AT&T/Verizon likely indicates a reasonable number of customers choosing not to upgrade in Q3, but rather waiting to switch to the iPhone in Q4. The strong initial sales figures for iPhone 4S would seem to back up this assumption.
Read more in the full article here.
The economy could also be doing better…
The economy didn’t take a dump in Q3. It has been nose diving since Obama took office.
true…as a result of his predecessor’s miscalculated spending spree.
@writingdevil – you’re right, at least through the first word in your comment.
http://www.nypost.com/p/news/opinion/editorials/bam_spending_spree_mjwI6uz4izAd70CMXoLmfM
nice wise words from a Murdoch owned corporation…just remember who got us in this mess…do you blame BO for trying to fix it…oh and let’s see he got Osama and saved the auto companies…what did your guy do in 2 terms?
actually the SEALS got Osama… (military as a whole, and the CIA etc)
Obama took the weekend to golf before he decided to execute the order. get your facts straight.
And was it not Joe Biden himself who said it is not Bush’s fault?
http://news.yahoo.com/blogs/ticket/joe-biden-own-economy-problems-not-bush-203337507.html
remember the fall didn’t start until AFTER the 2006 mid term elections… oh yeah, when the democrats took over congress. (you know, where SPENDING MUST ORIGINATE… not the white house)
Bush wasn’t my Fav president either… but he can’t be blamed for everything.
Speaking of facts FTB, the Seals didn’t get Osama during the reign of the village idiot.
Don’t waste your breath on those people…the live in that right wing/tea party reality distortion field….everybody outside of that is a socialist…lol
In fact, if you go back and look at the numbers, the freefall was occurring before he stepped into the role. The economy stabilised shortly after he took office. The problem is not that the economy is going down, but that it is not going up. There are many structural issues in the USA economy that have to be dealt with before things can really get better. We have a generation who spent their working lives not paying their taxes who now want someone else to guarantee their social security and healthcare. The following generations are equally irresponsible in their own ways as well. I am not referring to all individuals, of course.
There’s a guy at my office who, every time the stock market is down, he loudly proclaims something about “Obama opening his mouth again!” One day I asked him if Obama also gets the credit on up days. He paused, blinked, smirked and said, “No!”
He’s a funny guy.
Remember that one of the reasons the election turned toward Obama was the sinking economy. So by the linear nature of time on this planet, the sinking economy could not be Obama’s fault. You could argue that his policies made a bad situation worse, but then you’d have to back that up with something. Job numbers, stock market performance, company earnings, etc. As an example, remember that the bottom of the stock market slump was March ’09, a mere two months after Obama took office. Take a look at where the market is today.
…since BEFORE Obama took office.
Don’t you remember Treasury Secretary Hank Paulson crying that the sky was falling?
But its not. (I wish it was though, this is getting kind’a old)
Bloodbath.
Wait until the new version “Chocolate Fudge Packer” comes out. Android will rise from the ashes like a phoenix…
…with H5N1
1
..so we can call it a floater as it circles the drain?
You mean the ‘Hershey Highway’, surely?
Yup. Gee, look what’s happening to Android now that people’s 2 year contracts are starting to expire. . . .
Death by a thousand cuts…..
With all the irrelevant, dumb political commentary and failed attempts at scatological humor, the comments section of this site has become more boring and uninformative than ever.
Analysts’ expectations of iPhone sales for next earnings call is 30 million units. Apple will miss expectations. Stock will tank. As usual. I just want to be sure Apple investors aren’t caught off-guard again like they were on Tuesday.
Analysts will continue to raise all Apple product sales numbers just slightly beyond what Apple can sell so Apple will conveniently “miss” every quarter no matter how many units they sell.
So let’s say I own stock, what shall I do? I sell before it goes down and then buy the stock back when it hits bottom?
Apple has beat the street like 37 times and they would of this time, if the “street” had a clue – but they don’t ……
Apple will hit over $11 this coming quarter and the stock will reflect the earning potential of Apple going forward …..
Apple to $500 is a 25% gain from here and that will happen before a year …..