Even Before iPhone 6, Can Apple Inc. Post an iPhone Blowout This Quarter?

Like most consumer electronics brands, Apple  (NASDAQ: AAPL  ) generally hits a seasonal lull during the summer. iPhone unit sales are no different. However, Morgan Stanley analyst Katy Huberty believes Apple is still enjoying robust demand. Morgan Stanley's proprietary AlphaWise Smartphone Tracker, which in part uses Google Trends data to forecast demand, projects that Apple will sell 39 million iPhones in the quarter ended in June.

That would represent 25% year-over-year growth and mark reacceleration in iPhone unit sales. That figure is also above the current Street consensus of 35 million. AlphaWise similarly predicted upside in the previous quarter, forecasting sales of 41 million versus the Street expectation of 38 million. It proved closer to the mark as Apple reported almost 44 million in iPhone unit sales.

This is an interesting forecast since now is about the time that consumers begin delaying purchases in anticipation of new models, which are generally released in September. The iPhone 6 has an awful lot of hype, and is expected to be larger with a major redesign, but that hasn't held back demand much. It's also possible that expanded carrier partnerships are driving additional demand. 

Apple added China Mobile and Japan's NTT DoCoMo around the turn of the year. Those are the largest carriers in their respective markets, and all that pent-up demand takes time to satisfy.

In this segment of Tech Teardown, Erin Kennedy discusses Apple's quarter with Evan Niu, CFA.

(relevant segment begins at 3:25)

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  • Report this Comment On June 10, 2014, at 8:06 PM, gone4lunch wrote:

    oh iCrapple, please go away...iClones are trendy paper weights. Can't wait to see this company fail. It should have failed in the 80's and 90's, but like Blackberry...people held in there until the dying end and WHAM...multi billion dollar company. Now with lack of innovation and ideas to replicate, iCrapple is DONE! At least they did the 7:1 split to make it harder for a majority position and avoid an LBO. The bank of iCrapple is now in business for a very long time....I cannot believe these jokers issued bonds and screwed the American public out of billions of tax dollars. How dumb are iCrapple users anyway?! Please don't answer that...the statistics are alarming and speak for

  • Report this Comment On June 10, 2014, at 8:39 PM, Jrdazzo wrote:

    Really @ gone4lunch? When you say all this negative stuff about aapl and end your comment with the statistics are alarming, does that mean that they sell an huge amt of product to us idiots? If so I think that they will continue to make money if that's the case. Keep selling me calls and I'll keep making money. If the tide turns I can always buy some puts.

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Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

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Evan Niu

Evan is a Senior Technology Specialist at The Motley Fool. He was previously a Senior Trading Specialist at a major discount broker. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.

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