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 →
Sprint is openly opposed to AT&T’s proposed $39 billion acquisition of T-Mobile, but the scrappy carrier stands to benefit from the deal according to Piper Jaffray analyst Christopher Larsen. Larsen on Friday lifted his rating on Sprint stock from neutral to overweight, while also upping his price target from $5 to $6.50. The analyst sees brighter days ahead for the carrier through the rest of 2011 and 2012 as well, and he also believes the AT&T / T-Mobile deal could be a good thing for Sprint. Larsen thinks the merger could cause some subscribers to leave the new mega-carrier and flee to Sprint. Beyond that, AT&T may be required to divest some markets in order for the deal to be approved, and Sprint may very well pick up that business or even some of AT&T’s spectrum if it is forced to let some go. Finally, the analyst also believes a post-merger market would be less prone to aggressive price cutting, which would certainly help Sprint maintain a competitive advantage. More →
Predictions from Piper Jaffray’s managing director and senior research analyst Gene Munster have been compared to darts tossed at a 10-foot dartboard, but that won’t stop the man from churning out new notes. On Monday, Mr. Munster laid out his roadmap for Apple in 2011 and it actually looks like he may be in store for a few wins this year. Then again, the roadmap is based almost entirely on things we already know with near certainty — or, in some cases, absolute certainty — so these can hardly be called Munster’s wins if they pan out. Here’s how Apple’s 2011 pans out in Munster’s eyes:
- Verizon launch of the iPhone: Probability 95% (March qtr) (our est)
- Mac App Store: Probability 100% (Jan. 6 launch)
- iTunes cloud services: Probability 90%
- iPad geographic expansion: Probability 100%
- iPad subsidies from carriers: Probability 80%
- OS X Lion: Probability 100% (summer 2011)
- iPhone (March quarter). We are modeling for Apple to launch a CDMA version of the iPhone at Verizon in the March-11 quarter. The fifth generation iPhone will likely ship this summer with NFC capability.
- iPad (spring). We believe the second generation iPad will launch in spring 2011.
- Macs (uncertain). We have moderate confidence that Apple will release redesigned MacBook Pros in 1H11 and redesigned iMacs in 2H11.
Munster does also note that Apple may launch some nifty new Web-based services and maybe even a television in 2011, but again, these are just rehashed rumors that have been around for quite a while now.
Piper Jaffray analyst Gene Munster has published a report stating that sales of Apple’s Macintosh computers are up 37% year-over-year for the current quarter. Munster goes onto hypothesis that iPad sales are not in-fact cannibalizing Mac sales as some analysts had initially predicted. Also of interest: iPod sales appear to be stagnant (or soft as the Business Insider put it), with a forecast of around 10 million units for 2010 which is on par with the Street’s expectations, but shows no growth from FY 2009. It seems as though the iPod business, which carried Apple across the financial finish line for many years, is now taking a backseat to the Mac, iPad, and iPhone. More →
Piper Jaffray analyst, Gene Munster, has just released some statistics used for his iPhone 4 launch analysis. The poll, which surveyed 608 iPhone 4 purchasers, indicated that 77% of those buying the new hardware were upgrading from a previous iModel. Some other stats include:
- 77% of the iPhone 4 buyers they spoke to were upgrading from a previous version. That’s up from 56% in 2009 and 38% in 2008. Last week, Morgan Stanley’s Katy Huberty predicted that the upgrade rate would be roughly 50%.
- 16% of buyers were switching carriers to AT&T, down from 28% last year
- 54% purchased the higher-capacity 32GB model, up from 43% last year
- 28% already owned an iPad
- Of the 72% that did not own an iPad, 39% indicated that they would likely purchase one in the next 12 months
Munster also asked the 23% of users who were first time iPhone buyers what their previous phone of choice was. The results looked like this: 6% were former BlackBerry users, 3% Android, 2% Nokia, 0.03% Palm, and 12% Other. The analyst estimates sales of between 1 and 1.5 million iPhone 4’s in the first four days of sales; those numbers include pre-orders. Hit the read link to see the full report, complete with comparisons from the three previous iPhone launches. More →
Piper Jaffrey tech analyst Gene Munster yesterday revised his initial single-day sales predictions for Apple’s iPad by as much as 250%. Prior to the iPads launch, Munster had expected Apple to sell 200,000 to 300,000 units (including pre-orders) within the first 24 hours. But after a bit more research and watching some 730 people flowing in and out of Apple’s 5th Avenue shop in New York City, Munster revised his estimate to a whopping 600,000 to 700,000 units sold. To put this into perspective, the iPhone 3G saw 530 people visit the same location while the launch of the iPhone 3GS saw 350. The launch of the original iPhone saw Apple move some 270,000 devices in a single day. Perhaps Apple can indeed move 7.1 million iPads in a year as iSuppli predicted just two days ago. More →