“Credit Suisse analyst Kulbinder Garcha is raising Apple iPhone and EPS estimates Thursday following positive data from their team in Japan today around iPhone builds, recent announcements from T-Mobile and Sprint, and their proprietary iPhone survey,” StreetInsider reports.
“They believe a number of recent data points suggest a better than expected iPhone 7 cycle, in both volume and mix,” StreetInsider reports. “The firm raise raised CY16/17 EPS by 3%/3% to $8.22/$10.09, from $7.95/$9.84.”
“They maintain CY18 estimates at 249mn units (+13% yoy), as conversations with display suppliers support the firm’s iPhone 8 super cycle thesis,” StreetInsider reports. “The firm maintained an Outperform rating and price target of $150 on AAPL.”
Read more in the full article here.
MacDailyNews Take: So much for the “iPhone 7 disappointment” narrative.
Calendar fourth quarter will set an all-new quarterly iPhone unit sales record. — MacDailyNews, August 8, 2016
iPhone 7 and iPhone 7 Plus will be Apple’s best iPhones ever. And iPhone sales will return to YOY unit sales growth in Apple’s fiscal 2017. — MacDailyNews, September 1, 2016
iPhone 7 and iPhone 7 Plus dramatically improve every aspect of the iPhone experience, reaching a new level of innovation and precision to make this the best iPhone we have ever made. — Apple Sr. VP Phil Schiller, September 7, 2016
The iPhone 7 is the best iPhone we’ve ever created. – Apple CEO Tim Cook, September 13, 2017
Looks like the analysts and MDN naysayers were wrong. Should anyone really be surprised? Well, I will be surprised if one of these folks says, “Hey, I was really wrong in what I predicted about the iPhone sales.”
Henry B. is blathering on CNBC about how the iPhone 7 is the same old same old… What a Dic!
What has Gaagle done lately?
I hear they are working on fast food delivery via drones. WOW! Now that IS innovative. I can’t wait for that cold soggy taco. What a fckin’ JOKE. Maybe ScamScum could hear things up.
Are there any jelly bean jar guesses on how many iPhone 7 units sold?
Since they have over committed on the number they can manufacture, I think a solid number could be calculated, without Apple’s announcement, which is probably why they don’t have to make one.