“Last quarter, Apple sold a total of about 2.1 million iPhones 4S’s in China. Last night, the company announced that it had sold 2 million iPhone 5s in the first three days of sales in China over the weekend,” Cody Willard writes for MarketWatch. “They sold a total of 27 million iPhones of all kinds last quarter. The company sold a total of 44 million iOS devices, including every iPod Touch, iPhone, and iPad of any kind last quarter.”
“This quarter, analysts have become worried because some of them think Apple might sell fewer than 48 million iPhones this quarter,” Willard writes. “Analysts are looking for 26 million iPads Minis and normal iPads this quarter. A few million more iPod Touches this quarter, and we’re talking about more than 75 million iOS 6 devices being sold this quarter. Vs the 44 million last quarter.”
“Are you panicked out of this stock that’s yielding 2%, trading at about 7x next year’s earnings when you subtract out the $125 billion in net cash per share on the balance sheet, and will probably be rolling out some new TV platforms, and other form factors of the iOS devices, creating a new subscription-based music solution, and who knows what else in the next 12 to 18 months?” Willard asks. “No? Me neither.”
Willard’s 12-24 month price target for AAPL and mcuh more in the full article here.
iPhone 5 twice as popular on launch in China vs. US – but, not really – December 17, 2012
Apple on-track to sell 50 million iPhones in Christmas quarter – December 17, 2012
Apple sells over two million iPhone 5 units in first weekend in China – December 17, 2012
Apple: iPhone 5 sales exceed five million units in first weekend; demand exceeded initial supply – September 24, 2012