RBC: 'iPads outselling hotcakes,' iPhone 5 due in September

By on Apr 12, 2011 at 10:58 AM
Tablets April 12, 2011

RBC Capital Markets Managing Director Mike Abramsky on Tuesday reiterated the firm’s position that sales of popular Apple products like the iPad 2 likely helped Apple record an impressive fiscal second quarter. In a note to investors, Abramsky wrote that tremendous demand for Apple’s iPad 2 tablet along with solid sales of the iPhone 4 (17 million units) and Apple’s refreshed MacBook Air and MacBook Pro notebooks (3.6 million total Macs) may have led to $24 billion in revenue in the second quarter. The figure would represent 78% growth over the same quarter last year, and is above Wall Street’s consensus of $23 billion. RBC sees Apple having shipped 7 million iPads in the second quarter, which includes 2-3 million iPad 2 units and is down 5% from the year prior. The firm estimates 8 million third-quarter iPad shipments, and also notes that Apple will likely launch the iPhone 5 in September — but if it instead launches in June, it could add $1.2 billion to the firm’s $23-$24 billion third-quarter revenue estimates. RBC adjusted its full-year iPad sales forecast up from 25 million to 31 million units, thus pushing its fiscal 2011 revenue estimates from $99 billion to $102 billion and possibly helping Apple to cross the $100 billion milestone for the first time. Apple will report its fiscal second-quarter earnings on April 20th.

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43 Comments

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  • blada

    do we really need a daily article about how “ipads are selling like hotcakes” and how some analyst “reaffirmed his position”?

    • Anonymous

      That’s because Apple is all about “reaffirmation” and needing validation and societal acceptance.

    • Douche

      Will you guys Stfu abut this while analyst bitch? There are people out there that get paid to find out and analyze shit. Get over it.

    • Norm Sucks

      Yes, the rabid android fans still haven’t come to grips with the situation. For some reason they keep saying Apple is on it’s way out and no one would ever buy the iPad… Don’t ask me why I’ve been seeing the same headlines as you.

      • Anonymous

        holy shit you sound like such a tool

      • Ultraseven32

        holy shit you sounds jst like another fandroid

      • Anonymous

        wow.. a “Fandroid?” Really dude? For the record, I don’t own an android, and you are also a tool for using stupid made up words like “Fandroid”

    • Anonymous

      You sound bitter. Nobody forced you to read the article. If you don’t like an article skip it and stop complaining.

      • Blada

        I have an ipad and I love it, but it gets annoying to read the same posts at least daily. Everyone knows how well ipads are doing, once a week will suffice. I rather they spend that time writing about something new or more interesting.

  • Jake

    Apple, the most protected stock on the planet. It’s no coincidence these so called analysts put out these lofty updates when the AAPL is on the slide.

    • Anonymous

      The stock is undervalued, so apparently the protection isn’t working.

    • Anonymous

      … your are right, protection for the iSheeps … just makes apple more and more uncool … techniques versus business a$$ …

  • http://pulse.yahoo.com/_VOJJBHEDV3FMIWWZYOW2WD6MKU me

    Seriously BGR stop riding Apple’s nuts. I like their products also..But DAMN!1

    • Dario69

      Agreed. It does seem to be a bit lopsided these days. More so than Engadget which is often called a pro-Apple site. I like my Apple gear as much as the next person but some of these articles are just too “fluffy” and rumor based at best. Seriously, what would the day be like without my usual dose of “iPhone5 not due until September” followed by another article six hours later “iPhone due in June”.

      • Anonymous

        You are wrong. BGR provides balanced reporting of the news and they do a good job.

    • http://www.sk1wbw.wordpress.com Wayne Williams

      I believe right underneath this Apple article is another article about Cisco killing the Flip business. There’s another article on Bing, some on ATT and it’s Android phones…

      Just because a blog has an article about Apple, does NOT mean they are riding Apple’s “nuts”. It’s called reporting.

      • Catalystdrone

        Just like FoxNews

    • Anonymous

      If you don’t like BGR get out of here and go to another site. You were not forced to come here. Please get out of here and leave us alone.

      • Anonymous

        Dry up.

      • Catalystdrone

        “Leave us alone” what r we 6 now?..tool!

  • Bringit

    Long live the king.

  • Anonymous

    Not surprised, I still see lines for the iPad to this day.

    Lines for the Xoom or HP Slate with Windows 7? Not so much ;)

    Eat it Droidbois and Microbois, EAT IT!!!!!!!!!

    • http://twitter.com/robungl rob unglenieks

      While playing with my Xoom, I had a bystander ask to see it. I did some demos of the thing and afterwards they said, “Man, you sure are lucky to already have an iPad2. I have to wait until my birthday.” I am chalking that one up to the sheep thing.

      • http://twitter.com/SonsofAres Sons of Ares

        Then you must have felt exceptionally superior on that day.

    • Dario69

      No, there are lines for Xoom. You need to go to the return section to see that line.

      • Cbuc1125

        BURN!!!

      • Anonymous

        Epic lol. That is what happened when a company release a beta product without the carrier support and buy one get one free loo

  • http://profiles.google.com/johnslangster John Lang

    The correct saying of this idiom is,

    “Selling like hotcakes”
    NOT
    “outselling hotcakes”

    Good god.
    Whats wrong with the PR people at RBC !!!

    Don’t they know English !!!

    Source – UsingEnglishDOTcom

    • Anonymous

      Pretty sure they did that on purpose. Calm down big guy

      • http://profiles.google.com/johnslangster John Lang

        Think of how many hotcakes can be eaten in a day. multiply that by how many people in the world eat them.
        Its not numerically possible for iPads to outsell hotcakes.

        I am SO going to lose sleep over this.

    • Dario69

      Someone needs to get out more. I think that is the whole point – it is selling so well it is even ‘outselling hotcakes’.

      Leave it to PR people to try to be clever.

    • Jroc869

      Lmao what a iDIOT

  • Anonymous

    Every day the iPhone5 is coming out in a new month.

    • JD

      Yes, people that don’t work at Apple know everything Apple is doing.
      Apple will not release two different mobile devices the same month. IPhone & iPod. It’s not going to happen now or ever.
      They can’t keep up with one device at a time. It would be a complete nightmare for both Apple & the consumer.

  • Anonymous

    There has been no real competition in the market yet. Apple does have first mover advantage, and they are media darlings, so I’m not surprised that both the iPad and iPad2 have garnered such strong demand and publicity.

    However, those predicting the iPad will be the leader a few years from now does seem premature. Technology is advancing faster than ever. The tablet market at least to the general consumer is still in its infancy.

    I think it will play out similar to the smartphone market. As the tablet market matures, Apple will see a decline in their market share, and stay stable around the 20-30 % range. Android will lead simply due to the abundance of choices, and BB will have their niche business/professional market. I wouldn’t totally count out Microsoft and HP though… waiting for them to surprise us… if that ever happens.

    • Kent42

      Generally I agree.

      Apple has never been concerned with marketshare, only profits. They are the 2nd most profitable PC maker in the world with less than 10% marketshare. Most of the world can’t afford Apple.

      • Anonymous

        EVERY company is only concerned with profits. Apple is not unique in this way.

    • Anonymous

      It is funny that people always compare ipad to smartphone. Android got marketshare cause it got carrier support with buy one get one free. With the tablet, u freaking on your own. People choose not to buy Apple because it is expensive but with the price of the iPad, Apple will kill all of the competitor. It is the iPod all over again. So stfu and accept it. U droidtard love to talk about future feature. I thought the xoom was supposed to be the ipad killer after the stupid tab fail.

      • Anonymous

        Your response is out of order. Len 1023 made a valid and balanced point.

        Don’t suppose you know what either of those words mean…

  • Anonymous

    STOP MAKING ME READ THINGS I DONT WANT TO READ, AND THEN FORCE ME TO COMMENT ABOUT HOW I DIDNT WANT TO READ WHAT I JUST READ…YOU MADE ME WASTE 30 FUCKING SECONDS THAT I WAS TRYING TO WASTE! ARRRRGH IM SO ANGRY!

    signed,
    half of BGR’s readers.

  • Aoliver9886

    can they make up their mind about the release of the iPhone 5!? are they starting production in september or are they actually going to release it? i need to know so i can make a decision on my new device soon!

    • Anonymous

      I’m sure they’ll get back to you as soon as they can. Supplying you with a new phone is probably at the top of the company’s agenda…

  • Anonymous

    Congrat Apple. Waiting for the iPhone 5. Feel so sorry for all the copycats

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