J.P. Morgan analyst Mark Moskowitz has made “significant increases” to both his iPhone and iPad sales projections for the first quarter of 2012, raising his price target on Apple stock from $625 to $715, Apple Insider reported on Tuesday. The analyst previously estimated that Apple would ship 28.1 million iPhones in the first quarter of 2012, however he now believes shipments will reach 31.1 million units. Full-year iPhone shipments for 2012 are now expected to total 138.2 million units. Moskowitz thinks Apple’s next-generation smartphone will launch in the second half of 2012 and include a “thinner body and LTE capability.” He projects iPad shipments to reach 13.8 million in the first quarter, up from his earlier estimate of 10.1 million units, and his full-year shipment estimate was raised to 69.6 million tablets, up from 59.8 million. Apple will also “refresh its MacBook portfolio, including the Air, in the next three months,” Moskowitz wrote in his note to investors. He continued by saying that the company needs to improve its specifications and features while introducing lower price points to stay ahead of the “Ultrabook crowd.” More →
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 →
Adobe announced last month that it was finally putting an end to its efforts with Flash Player for mobile devices, deciding to instead focus on native smartphone applications utilizing Adobe AIR. The wide adoption of HTML5 is seen as one of the driving forces behind Adobe’s decision to discontinue Flash development with regard to the mobile space, and new projections from market research and consulting firm Strategy Analytics suggest that the adoption of HTML5-enabled mobile phones is set to skyrocket. Read on from more. More →
HTC cut its fourth-quarter guidance for the second time earlier this week, sending shares of the company’s stock to their lowest point in more than a year. The Taiwan-based smartphone vendor cut revenue estimates by roughly 23% for the fourth quarter as steep competition from Samsung, Apple and other companies will seemingly make HTC’s run at the top short-lived. But pent up demand for a new iPhone and Samsung’s ongoing charge are only half of the equation according to two Citigroup analysts. HTC’s weak fourth quarter is “driven more by inferior product than by macro reasons,” analysts Kevin Chang and Jonathan Gu wrote in a research note earlier this week according to Bloomberg. “We are most surprised by the lack of visibility and by how fast things deteriorate in the smartphone business.” Chang and Gu cut their price target on HTC stock to NT$463, dropping their earlier Buy rating to Neutral. More →
Consumers are clamoring for an affordable tablet with deep Amazon service integration according to one analyst, and the Kindle Fire could see huge numbers this quarter as a result. J.P. Morgan analyst Douglas Anmuth estimates Amazon will sell between 4.5 million and 5 million tablets in the fourth quarter, which will consist of just over six weeks for the Kindle Fire as it goes on sale November 15th. Other analysts aren’t quite as bullish on Amazon’s tablet — Morgan Stanley’s Scott DeVitt wrote in a note to investors earlier this month that Amazon would sell 2.8 million Kindle Fire tablets this quarter. Anmuth’s checks suggest continued strong pre-order demand for Amazon’s first tablet, which sold 95,000 units on the first day of pre-sales. A purported leak later suggested that Amazon was taking an average of 50,000 pre-orders each day following its Kindle Fire unveiling. Anmuth also noted that he expects to see Amazon launch new tablet models in 2012, including the 10-inch “Hollywood” tablet BGR exclusively revealed earlier this year.
LTE networks in the United States are expanding at a remarkable pace — after less than a year, the U.S. is already the global 4G LTE leader by subscription volume — and global LTE growth is expected to remain strong in the coming years. Market research and intelligence firm ABI Research last week said that it estimates worldwide LTE connections will reach nearly 80 million by the end of 2013. “We are expecting to see more LTE networks lighting up in the next year or two, but operators are now taking a quieter approach when it comes to deployment,” said ABI analyst Fei Feng Seet in a statement. Read on for more. More →
Microsoft gave the world a closer look at Windows 8 on Tuesday and while we all wait to see what the tech giant will actually deliver, the company’s vision is believed by some to embody the future of personal computing. Of course Microsoft’s vision entails a multi-pronged approach, but all eyes are on one prong in particular for the time being: tablets. And where these slim, sleek, sought-after slates are concerned, analysts are already beginning to weigh in on Microsoft’s odds. Read on for more. More →
Research In Motion will report its quarterly earnings on Thursday and analysts predict that it will miss sales estimates for its BlackBerry PlayBook tablet. A group of analysts surveyed by Bloomberg estimate RIM sold 490,000 PlayBooks during the quarter and predict, on average, the Waterloo, Canada-based company will sell a total of 2.2 million BlackBerry PlayBooks for the year. By comparison, Apple shipped 9.25 million iPads during the last quarter. “RIM overplayed the PlayBook in terms of its sales and prospects,” Needham & Co analyst Charlie Wolf told Bloomberg. “What this really shows is that the company’s prospects will depend on the next generation of BlackBerrys.” RIM recently introduced its first batch of BlackBerry 7 powered smartphones and we gave the devices lukewarm reviews. Its first QNX-powered smartphone, the BlackBerry Colt, is expected to launch during the first quarter of 2012. “RIM hasn’t given up on the PlayBook, but it’s clearly off to a poor start,” Canaccord Genuity analyst Michael Walkley said. Walkley estimates RIM will ship 1.5 million PlayBooks this year. Samsung is expected to ship 7 million tablets and Apple will sell 39.2 million iPads, Walkley said. More →
Slower than expected sell-through of Research In Motion’s BlackBerry PlayBook tablet has prompted investment bank Canaccord Genuity to slash its sales estimates for RIM’s first tablet. BGR noted last week that Best Buy’s Labor Day sale likely indicated slow sell-through of at least one PlayBook model, and it looks like a recent round of checks jibes with our take. Canaccord analysts Michael Walkley and Matt Ramsay wrote in a research note that multiple retailers are seeing less than impressive sales of RIM’s slate. “Our August checks continue to indicate soft sales of RIM’s BlackBerry PlayBook with some retailers recently lowering prices on the device in attempt to move inventory,” the analysts said. As a result, Walkley slashed his full-year PlayBook sales projection substantially to 1.5 million units from earlier estimates of 2.2 million tablets. Read on for more. More →
Apple has been projected by DigiTimes Research, the market research and analysis arm of DigiTimes, to become the world’s top global smartphone vendor by shipment volume this year. According to new estimates released by the group on Tuesday, Apple’s iPhone unit shipments will climb 81.9% to 86.4 million in 2011, up from 47.5 million units last year. Smartphones shipped by the soon-to-be dethroned Nokia are projected to drop 25.8% from 100.3 million units in 2010 to 74.4 million in 2011, and Samsung is expected to move 191.3% more smartphones in 2011 than last year, with shipments totaling 67 million units. RIM will ship an estimated 55.7 million smartphones to slide to the No. 4 spot despite 12.8% growth over 2010, and HTC will round out the top-5 with 49.7 million units shipped. DigiTimes has previously cited anonymous sources from Apple’s supply chain in estimating that iPhone shipments would reach 95 million units this year, but an iPhone 5 launch coming later than expected is likely responsible for trimming this figure by nearly 10%. A chart mapping out DigiTimes Research’s 2011 projections follows below. More →
Nokia’s situation may not be quite as “dire” as initially anticipated according to RBC Capital Markets analyst Mark Sue. Despite Nokia’s rough second-quarter earnings, which were called “clearly disappointing” by Nokia CEO Stephen Elop, Sue sees Nokia in a better position than most. In a note to investors on Friday, the analyst reiterated his Outperform rating on Nokia stock and set a price target of $9. Sue increased his third-quarter unit shipment estimate to 100 million devices from his earlier estimate of 89 million, noting that sales of Nokia’s Symbian devices will likely not drop off as rapidly as had been expected. ”Nokia may be seeing better trends for its dual-SIM devices and less of a decline in its traditional Symbian devices than originally expected,” Sue wrote. “Feedback on Nokia’s new Windows device may be encouraging and we expect Nokia to launch on schedule before the holiday season.” The analyst expects Nokia to announce its first Windows Phone handset, which he says will be based on the N9, at its annual Nokia World show in late October.
Apple’s popular iPad line will still dominate the consumer tablet market a full decade after its initial launch, according to one analyst. In a new report, Needham analyst Charlie Wolf sees the iPad’s share of consumer tablet shipments declining gradually over the next nine years to 60% in 2020. 60%, of course, is still an overwhelming share of the market. Future tablets are more likely to steal market share from each other rather than from the iPad, the analyst explains, noting that competitive offerings to date have been greeted by consumers with “a yawn and lackluster sales.” Wolf sees iPad shipments reaching 35.61 million units in 2011, up 137.4% from last year and representing 85% of all tablets shipped. In 2012, iPad shipments will grow to 54.3 million units according to Wolf’s model, and shipments will hit 72.66 million units in 2013. The analyst sees iPad shipments reaching nearly 140 million units in 2020, representing 60% of all tablets shipped that year and accounting for $53 billion in revenue and $16 billion in profit despite an average selling price that will have dropped to $377 from $630 in 2010. Wolf’s 10-year iPad projections follow below. More →
BGR took hands-on looks at the all new BlackBerry Bold 9900, the BlackBerry Torch 9810 and the BlackBerry Torch 9850/9860 last night, and while we were pleasantly surprised with RIM’s new hardware, several analysts were not impressed. Jefferies & Co.’s Peter Misek and Sterne Agee’s Shaw Wu each cut their price targets on RIM stock Thursday morning, suggesting that the Waterloo, Ontario-based vendor’s BlackBerry 7 phones just aren’t enough to reignite the public’s interest in BlackBerry devices. “Handset shipments will be worse than expected in the November quarter despite the sell-in of new OS 7 handsets,” Misek wrote Thursday in a note to investors. RIM said on Wednesday that the upcoming BlackBerry device releases across more than 225 carriers will be the vendor’s biggest launch ever, but Misek isn’t convinced that the handsets will get enough of a push. ”Preliminary reviews of the handsets cite improved speed but a browsing experience still inferior to Android and iOS. We do not believe carriers will put extensive marketing dollars behind the new handsets,” he wrote. Shaw Wu at Sterne Agee said the devices were “better late than never,” but like Misek, he’s still not convinced the devices will be a hit. Misek cut his price target on RIM stock to $22 from his earlier target of $24, and Wu dropped his target to $23 from $27. More →