“Wall Street’s forecasts for Apple Inc. iPhone sales in the quarter just ending are between 47 million and 57 million, which is an extremely large spread, even for Wall Street analysts, who notoriously hedge their bets,” Douglas A. McIntyre writes for 24/7 Wall Street. “If Apple’s sales drop below 50 million, its shares will sell off, and an already big slip over the past year will get bigger.”
“The effects of the new iPhone SE may not help the quarter much because of its launch date,” McIntyre writes. “That means the aging iPhone 6 family will need to carry the load.”
MacDailyNews Take: iPhone 6s and iPhone 6s Plus just turned 6 months old. Even in tech time, that’s hardly “aged.”
“Can Apple sell 50 million iPhones in the quarter just ending?” McIntyre writes. “Its share price is off 15% in the past year. Short the 50 million iPhones, that number will get much worse.”
Read more in the full article here.
MacDailyNews Take: Ooh, scary.