“Now comes the test. As Apple Inc. gets ready to announce its most recent quarterly results, the primary focus of investors will be on iPhone sales, because the smartphone continues to represent a huge portion of company revenue,” Douglas A. McIntyre reports for 24/7 Wall St. “If Apple discloses that it sold anything less than 60 million iPhones, shares may drop substantially. For some, a figure less than 70 million would disappoint.”
“With the release of the iPhone 6 and iPhone 6 Plus, many on Wall Street will not look at iPhone sales year over previous year’s quarter,” McIntyre reports. “Some investors will look at the quarter sequentially, to see if Apple can match the 74.5 million iPhones it sold in the immediately previous quarter.”
MacDailyNews Take: And those investors would be idiots. Or shorts. Or FUD merchants.
“For Apple, it is iPhone sales of 60 million or the quarter will be considered a disaster,” McIntyre reports. “The impression that the iPhone has made Apple invincible will get stripped away.”
Read more in the full article here.
MacDailyNews Take: FUD merchants like Douglas A. McIntyre who try to set Apple up to “fail” by selling an average of 27,000+ iPhones per hour.