“Apple CEO Tim Cook should put on a helmet and leather jacket because his company will be riding an iPhone ‘supercycle’ next year thanks to the highly anticipated iPhone 8 handset, says Morgan Stanley analyst Katy Huberty,” Patrick Seitz reports for Investor’s Business Daily.
“‘Our higher near-term iPhone estimates are largely priced into shares,’ Huberty said in a research report Friday. ‘”However, we’re increasingly confident in the upcoming iPhone supercycle driving meaningful estimate revisions and the stock toward our $162 bull case,'” Seitz reports. “Huberty rates Apple stock as overweight and has a base-case price target of 124, up from 123 previously.”
“Huberty raised her estimates for Apple’s calendar second-half 2016 because of ‘”better-than-expected iPhone 7 demand,'” Seitz reports. “While the iPhone 7 is doing well, the rumored iPhone 8 should do even better, she said. That 10th-anniversary handset is expected to have a glass-case design and OLED display. iPhone 7 sales should help Apple’s stock in the near term, “but the real catalyst is the fiscal 2018 supercycle” from the iPhone 8, she said.”
Read more in the full article here.
MacDailyNews Take:
Will the iPhone 8 be a ‘special edition’ model with an updated 7S/7S Plus rounding out next year’s lineup? Interesting thought….
Prefer not to think about it for a long while, especially since I haven’t even got my hands on an iPhone 7 Plus until next Wednesday.
Got my Jet Black 7 Plus 256 yesterday. Needless to say, I won’t have iPhone 8 envy for a long time. Outstanding unit. Fast as lightning compared to my old iPhone 6. You will enjoy yours.
I’m counting on it! (And yes I noticed the huge speed improvement on an Apple Store model.)
Analysts revised their estimates only after the supposedly “ho-hum” iPhone 7 showed better-than-expected demand. They suddenly realised that an “exciting” and “highly anticipated” iPhone 8 would, logically, have to see EVEN BETTER demand.
Then, if actual demand for the iPhone 8 comes in higher than last year’s BUT short of the revised expectation, it can be labelled a “disappointment.”
I’m starting to catch on to the way it all works.
you ain’t no fool
now maybe somebody – mdn perhaps ? – will begin keeping box scores on analysts and pundits whose often misguided and subsequently malleable opinions can be tracked by name, topic and accuracy.
while the trail of mdn’s lists of often off target pronouncements following various articles are helpful, but we need something simpler and more direct to refer to in determining these peoples hits and misses. (excepting, of course people like rob enderle who is always wrong and the small number of those who are almost always right)
“That 10th-anniversary handset is expected to have a glass-case design and OLED display.”
Bulk metallic “glass” aka Liquidmetal – YES!!!
Should I cancel my iPhone 7 order and wait another year?
I think we are in a supercycle now. The iPhone 7 activations are absolutely blowing away every single iPhone release. As of Friday (day 29) there were 8.9% iPhone 7/7 Plus’s being used or approximately 49M. On day 29 last year there were 6.42% iPhone 6s/6s Plus’s being used or approximately 29M.
10th anniversary – call it iPhone 10, Apple! Then let us all lean back and see what Samesung makes out of this.