“If there were any expectations that Apple’s iPhone sales would be slowing down anytime soon, they can be put firmly on hold,” Chris Ciaccia reports for TheStreet. “Morgan Stanley analyst Katy Huberty said that iPhone demand is ahead of expectations, indicating there’s demand for 53 million units this quarter. She cited data from Morgan Stanley’s AlphaWise Smartphone Tracker.”
“Apple released both the iPhone 6 and 6 Plus in September 2014. The life cycle for these phones is approaching an endpoint. Apple is widely expected to refresh its iPhone lineup later this year, as it has done previously. The strong demand late in the life of the 4.7- and 5.5-inch smartphones affirms comments from CEO Tim Cook regarding untapped opportunities for Apple,” Ciaccia reports. “‘Our current estimate is that about 20% of the active installed base has upgraded to a 6 or 6 Plus,’ Cook said on an April 27 earnings call. ‘And so as I look at that number, that suggests there’s plenty of upgrade headroom in addition to we want to keep inviting over as many switchers as we can. So between both of those and the first time buyers as well, it seems really, really good right now.'”
Read more in the full article here.
MacDailyNews Take: A year and a half ago, nine months before iPhone 6/Plus were unveiled, when we inelegantly asked Tim to shit or get off the pot, we had an inkling that larger screen iPhones would do rather well.
[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]