Analyst expects Apple’s 6.1-inch LCD iPhone to be delayed to October

Morgan Stanley analyst Katy Huberty “sees Apple probably delivering an ‘in-line June quarter but providing a slightly weaker-than-consensus September quarter outlook due to a possible October launch of the 6.1-inch LCD iPhone,'” Tiernan Ray reports for Barron’s.

We currently see no delay in the ramp of Apple’s upcoming flagship 5.8″ or 6.5″ OLED iPhones. However suspected issues with LED backlight leakage have caused a 1 month delay in mass production of the 6.1″ LCD iPhone, although this is down from a 6-week delay baked into the original production forecast, according to suppliers. — Morgan Stanley analyst Katy Huberty

Ray reports, “Still, Huberty, who has an Overweight rating on the stock, raises her price target to $232 from $214 to reflect the fact that peer stocks are getting more richly valued of late, [writing]: ‘We value Apple’s Hardware/Device business (82% of FY19 revenue) using a blend of an HPQ and MSFT EV / Sales multiple, and the Services business (18% of FY19 revenue) using the median of 10 internet/services/platform EV / Sales multiples. With the average internet/platform comp up 16% since May 1 (and MSFT up 12%), we’ve seen a meaningful re-rating of peer multiples, which subsequently increases our SOTP-driven price target for Apple to $232, from $214.'”

Read more in the full article here.

MacDailyNews Take: Suboptimal, if true, but better to have it right in October than wrong in September.


  1. LCD = Lame crystal display

    No excuse for Apple not to have OLED on every phone they release, and spare me the whining about capacity issues. If Apple wanted to make it happen, they could. It is quite obvious they don’t. Pretty lame.

    1. Technically, what specific benefit does OLED offer the consumer? Power savings? Most people don’t care about the negligible little things that are supposedly better, they’d rather have more battery and a headphone jack back, useful stuff that stingy Apple axed to save money. OLED costs a lot more, has only 2 main suppliers — this results in a bad value to most people.

      Also, Apple’s chosen implementation of the Ugly Notch makes its current OLED phone a non starter for people who want a full screen viewing experience.

      Someday OLED will be the better choice. Right now, the way Apple has chosen to implement it, NO WAY.

  2. I love how these people make up a ship date for an unannounced product, then claim that said unannounced product won’t hit that made up ship date, and therefore it’s a problem… THIS IS COMPLETELY MADE UP. How does this shit get printed, taken seriously, and repeated? Jesus Christ.

    1. I love how you cast FUD about analysts without bothering to read the report.

      Huberty raised her price target on AAPL, so she is not trying to drive the stock price lower with negative press.

      Huberty has talked with Apple suppliers, they have told her that Apple has two size OLED phones on track for an autumn release, but the updated 6.1″ LED iPhone has technical issues and is therefore delayed about a month.

      She didn’t make up specific dates for new iPhones shipping, she proposed that Apple’s financial performance will be stronger in the 4th quarter than the 3rd quarter, which is entirely logical. If past history is any guide, Apple doesn’t make enough phones to serve the initial demand surge so even if Apple was to hold a summer iPhone event, Pipeline Timmy would only be able to take preorders.

      Go ahead and ignore articles like this if you don’t want to know. I would trust Huberty more than “It’s in the Pipeline” Cook right now.

      1. She still made it up. “Raising a Price target” doesn’t mean anything depending on who your clients are. She made it up. “Channel checks” are always wrong, or at the very best 20% accurate. She made it up. The only analyst who seems to genuinely know things is Ming chi Kuo, and he’s only about 60% correct. She made it up. They all make it up to a Certain degree. This is MADE UP.

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