“BlueFin Research Partners’s John Donavan and Steve Mullane today offer an update on what they’re seeing for Apple’s iPhone ‘frenzy’ of demand this quarter, while warning that how things fare will make estimates for the March quarter either too high or too low,” Tiernan Ray reports for Barron’s. “The authors sum up that Apple is in the midst of a frenzy.”
We have uncovered very little evidence to suggest that AAPL is facing any near-term slowdown in iPhone demand, other than the expected seasonal decline in CQ1 following the frenetic release of the iPhone 6 family. The precipitous decline in builds/shipments for CQ1 has always been visible and we have yet to uncover anything other than modest expected fluctuations. We will continue to monitor CQ1 build patterns to determine any potential adjustments in demand. In the meantime, our conviction remains steadfast, as iPhone demand appears to be rock solid at least through CQ1 2015. — BlueFin Research Partners
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