Apple could sell 12 million new iPads this quarter, analyst says

By on March 20, 2012 at 11:10 PM.

Apple could sell 12 million new iPads this quarter, analyst says

Apple announced on Monday that the company had sold a record 3 million new iPads since Friday’s launch. With Apple’s new tablet set to become available in 24 additional countries starting at 8:00 a.m on Friday, March 23rd, a number of analysts are expecting solid sales to continue. UBS analyst Maynard Um believes that Apple could move 12 million new units in this quarter alone, AllThingsD reported on Tuesday. “Apple has sold ~750,000 new iPads per day since launch on Friday,” Um said in a note to clients. “If there are no supply shortages, this would imply a run rate of ~12 million new iPads between launch and the end of the quarter. We continue to believe there could be upside to our 12 million estimate for the quarter.” The analyst is referring to sales of the new iPad only, however, meaning the Cupertino-based company could sell more than 12 million units including the iPad 2, which is now available for $399. More →

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Analyst charged with insider trading and fraud after leaking Apple sales data

By on February 20, 2012 at 9:45 PM.

Analyst charged with insider trading and fraud after leaking Apple sales data

A research analyst and a former executive who revealed insider information about Apple’s sales have both been charged, reports Reuters. Analyst John Kinnucan on Friday was charged with two counts of securities fraud, two counts of conspiracy and one count of insider trading from a civil case filed by the U.S. Securities and Exchange Commission. Between 2008 and 2010, Kinnucan allegedly paid insiders with cash, trips and other incentives for inside information regarding Apple. Kinnnucan then sold the information to hedge funds for hundreds of thousands of dollars. Separately, former SanDisk executive Don Barnetson pleaded guilty to one count of conspiracy to commit wire fraud and securities fraud. “I conspired with a consultant to provide confidential information with respect to my employer at the time, SanDisk Corp,” Barnetson said. Barnetson could faces up to five years in prison but could get leniency for his “substantial cooperation.” Kinnucan could faces up to 20 years in prison on each of the securities fraud counts and one of the conspiracy counts, and up to five years on the other conspiracy count. More →

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ComScore: Amazon growth doubled the rest of the e-commerce market in Q4

By on February 7, 2012 at 9:00 PM.

ComScore: Amazon growth doubled the rest of the e-commerce market in Q4

Amazon announced the company’s fourth quarter results last week, which fell short of Wall Street’s estimates. The company reported $17.4 billion in revenue, with net sales up 35% from $12.95 billion in the same quarter of 2010. Despite falling short of analyst estimates of $18.26 billion, Amazon’s growth was more than twice the overall market’s growth according to data from comScore. At $49.6 million, U.S. retail spending was only up 14% in the fourth quarter of 2011. “The growth rate represented the ninth consecutive quarter of positive year-over-year growth and fifth consecutive quarter of double-digit growth rates,” said the company’s press release. “For the entire 2011 year, U.S. retail e-commerce spending reached a record $161.5 billion, marking a 13-percent increase from 2010.” Read on for comScore’s full press release. More →

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‘Ominous signs for Android vendors’ after Q3 smartphone sales decline, analyst says

By on October 24, 2011 at 6:35 PM.

‘Ominous signs for Android vendors’ after Q3 smartphone sales decline, analyst says

In a recent research note, Morgan Keegan analyst Tavis McCourt said his firm believes smartphone sales may have dipped sequentially during the third quarter of this year, and year-over-year, for the first time ever. McCourt says the change is likely due to consumer anticipation for the iPhone 4S, which made its debut during the fourth quarter. In addition, McCourt argued that a likely decline in Android sales quarter-over-quarter and “only modest growth” year-over-year despite the introduction of a number of new Android handsets, was an “ominous sign for Android vendors.” Read on for more. More →

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Join Amazon or go home, analyst tells Android tablet makers

By on October 5, 2011 at 11:40 AM.

Join Amazon or go home, analyst tells Android tablet makers

Android tablet vendors should follow Amazon’s lead and introduce lower-priced devices with Amazon content or exit the market altogether, one analyst recently suggested. Nomura International technology securities analyst Richard Windsor believes Amazon will dominate the cheap end of the tablet market with its new Kindle Fire, while Apple’s iPad will continue to own the high-end. Other tablet makers with iPad-like prices are still “living in denial,” Windsor said. “The main effect of the potential sea change triggered by Amazon could be a change in roadmap to cheaper products or possible tie-ups with Amazon,” Windsor argued in a recent research note. “With the advent of the Amazon Kindle Fire, many of the other tablet makers are in a bit of a quandary as they are left with expensive tablets without a comprehensive content offering.” Android 4.0 (Ice Cream Sandwich) will be detailed on Tuesday, October 11th during a press conference in San Diego and Windsor also believes the new OS may help tablet makers compete better with the iPad. BGR will reporting live from the event. More →

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Apple to launch ‘iPhone 4 Plus’ and iPhone 5, JP Morgan says

By on September 19, 2011 at 2:20 PM.

Apple to launch ‘iPhone 4 Plus’ and iPhone 5, JP Morgan says

Apple will release two new iPhone models this fall, the “iPhone 4 Plus” and the iPhone 5, according to a note to investors issued by JP Morgan on Monday. JP Morgan analyst Mark Moskowitz reiterated reports that the iPhone 5 will feature global roaming with support for both CDMA and GSM networks. As various other rumors have also suggested, Moskowitz believes the iPhone 4 successor will be thinner and lighter than the current model. In addition, Moskowitz said Apple will release another model with “some improvements” over the current iPhone 4. He has dubbed that model the “iPhone 4 Plus” instead of the “iPhone 4S,” a commonly used moniker for the potential entry-level device. “We believe that investors should start to prepare for more positive surprises related to the quarterly run rate of the iPhones in the near- to mid-term,” Moskowitz said, noting the addition of the iPhone 5 to Sprint’s portfolio and the introduction of the iPhone 4 Plus on China Mobile and China Telecom could create a large boost in iPhone sales. More →

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Sprint could sell 1.2 million iPhones in Q4, analyst says

By on August 24, 2011 at 4:25 PM.

Sprint could sell 1.2 million iPhones in Q4, analyst says

Rumors began swirling on Tuesday suggesting Sprint will launch the iPhone 5 and the iPhone 4 later this year, and at least one analyst thinks Sprint could move a fair number of Apple devices. “Sprint is the third largest carrier in the US with 52m subscribers which would be a nice expansion of Apple’s addressable market in the US,” UBS executive director Maynard Um said in a note to investors on Wednesday, adding that he expects the Overland Park, Kansas-based company to sell 1.2 million iPhones. Senior research analyst William Power with Baird Research is not as convinced the phone will be a hit. While the device will fill a “gaping competitive hole,” Power believes the phone could have adverse effects on earnings due to “upfront iPhone subsidy costs.” “We suspect that many Sprint subscribers who wanted the iPhone may have already left for AT&T or Verizon,” Power added. More →

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Analysts predict quarterly gains for Apple, Samsung, and HTC

By on July 13, 2011 at 5:45 PM.

Analysts predict quarterly gains for Apple, Samsung, and HTC

Apple, Samsung, and HTC will each post gains in their respective earnings reports according to 46 analysts polled by Reuters. “We expect second quarter earnings to reveal a widening gulf between the winners and losers and further illustrate the ‘changing of the guard’ as Apple, HTC and Samsung continue to increase market share,” CCS Insight analyst Geoff Blaber told the news outlet. Analysts say Samsung’s growth, which pushed it past Nokia as the largest smartphone builder in the world, was fueled by Google’s Android operating system. The group also collectively predicts that Apple sold 16.9 million iPhones during the fiscal third quarter. That figure is down from the fiscal second quarter of this year, but it’s also twice as many devices as Apple sold during the same quarter last year. Similarly, Samsung is expected to report that it shipped 19 million smartphones during the quarter and analysts believe the Korean company is on pace to surpass its 60 million unit sales target for the year. Nokia will continue to struggle, although we hope it picks up momentum when its Windows Phone devices begin launching later this year. “There were few products in the market that can match Galaxy S II as Apple appears to be delaying new iPhone debut due to disruptions in parts supply, while Nokia continues to fail to introduce competitive lineup,” Jin Sung-hye, a Hyundai Securities analyst, said. More →

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Analysts peg Q3 iPad sales in 6-9.5 million range

By on July 12, 2011 at 7:45 PM.

Analysts peg Q3 iPad sales in 6-9.5 million range

Ahead of Apple’s third-quarter earnings report on July 19th, Fortune has tapped 39 analysts and has created a roundup of their iPad sales estimates. We already know that the iPad 2 has been flying off of store shelves since Apple announced the tablet on March 2nd. However, demand was so great that it’s unclear just how many Apple was able to manufacture and sell during the third quarter. Brian Marshall from Gleacher, Daniel Ernst from Hudson Square, and Mark McKechnie from Think Equity all estimate that Apple sold 6 million iPads during the quarter. That’s at the low-end of the analyst’s predictions. Amateur analyst Navin Nagrani suggested that the Cupertino-based firm sold 9.5 million iPads, but that’s still short of the 14 million iPad units sold that CLSA predicted last month. The average estimate of 7.92 million iPads sold is on a par with the Wall Street prediction of 7.72 million units, a 142% jump from the third quarter of 2010. Who’s right and who’s wrong? We’ll find out next Tuesday. More →

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iPhone 5 to land on Sprint and T-Mobile, analyst says

By on July 12, 2011 at 1:29 PM.

iPhone 5 to land on Sprint and T-Mobile, analyst says

We already brought you our opinion on why Apple’s next iPhone will land on every carrier in the United States, and now another analyst seems to agree. Chris Larsen, managing director and senior telecommunications research analyst with Piper Jaffray, argued in a note on Tuesday that both Sprint and T-Mobile will join AT&T and Verizon Wireless in offering the iPhone 5. “While we remain uncertain regarding the next-generation iPhone’s specs and features, we believe the most noteworthy change could be the device’s ability to run on more networks, specifically Sprint and T-Mobile in the U.S.,” Larsen said. It is still unclear if Apple will offer a completely new industrial design on the iPhone 5, or if it will look similar to the current iPhone 4. More →

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Sprint iPhone could launch before Christmas, analyst says

By on July 6, 2011 at 12:00 PM.

Sprint iPhone could launch before Christmas, analyst says

On Wednesday, Citadel Securities analyst Shing Yin said that an iPhone launch on Sprint is ever more likely since Verizon Wireless’ announcement that it will move from unlimited data plans to tiered data pricing on July 7th. According to Barron’s, Yin believes that Apple will be more compelled than ever to launch a device on Sprint, given that it’s the last remaining of the big four U.S. wireless carriers to offer a truly unlimited data option. “We believe Sprint could capture more than its fair share of iPhone sales, especially if it gets the new model at the same time as AT&T and Verizon.” Yin explained. “We see little reason for Apple to hold back,” he argued, noting that Sprint most likely would attempt to launch the device before the holiday season this year. “[Sprint] could offer an attractive proposition for more price-conscious users (a demographic we think is increasingly important to Apple following the rise of Android,” he said. “[It] could be a relatively stronger seller than the Verizon iPhone.” More →

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Windows Phone to grab 17% of smartphone market next year, analyst predicts

By on July 1, 2011 at 4:50 PM.

Windows Phone to grab 17% of smartphone market next year, analyst predicts

According to Chang Chi, the deputy head of Taiwan-based Market Intelligence Center, Windows Phone will have a 17% grip on the smartphone market next year. Chi said that Android’s share of the market in 2011 is 38%, followed by Symbian (23%), and iOS (18%). However, he expects Android’s market share to grow 2% next year, iOS to increase to a 19% share, and Windows Phone to skyrocket to a 17% share of the market. Chi also expects that HTC will surpass RIM and become the fourth largest smartphone maker in the world. Research firm IDC recently published a similar report that suggested Microsoft’s Windows Phone operating system will be the No. 2 platform by 2015, surpassing both iOS and BlackBerry. More →

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No second iPhone model in September, just the ‘iPhone 4S,’ analyst says

By on June 28, 2011 at 11:45 AM.

No second iPhone model in September, just the ‘iPhone 4S,’ analyst says

Apple will not release an “iPhone mini,” a second prepaid model or even a redesigned iPhone 5 in September, BMO Capital analyst Keith Bachman claimed in a note to investors on Monday evening. Instead, the Cupertino-based tech giant will stay true to earlier rumors and simply issue a modest spec bump wrapped in the current iPhone 4 case. Earlier on Monday, Deutsche Bank analyst Chris Whitmore claimed that Apple would be unveiling two new iPhone models this coming September, a redesigned iPhone 5 and a second budget iPhone to attack the prepaid market. But Apple will do no such thing according to Bachman, and he lowered his forecast for the September quarter as a result. Bachman now sees Apple shipping 17 million iPhone handsets in the quarter rather than 18 million. He also says the iPhone 3GS will continue to be the low-end iPhone, suggesting that the bump from iPhone 4 to “iPhone 4S” won’t even be significant enough to warrant making the current iPhone 4 model Apple’s $99 offering. More →

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