‘Inferior products’ to blame for weak HTC sales in Q4, Citigroup says

By on November 25, 2011 at 1:55 PM.

‘Inferior products’ to blame for weak HTC sales in Q4, Citigroup says

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 →

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Apple reportedly slashes Q4 iPhone 4S orders on weaker than expected demand

By on November 9, 2011 at 11:01 AM.

Apple reportedly slashes Q4 iPhone 4S orders on weaker than expected demand

Apple sold more than 4 million iPhone 4S handsets in the smartphone’s first weekend of availability but according to a new report, Apple thinks demand for its latest phone will stall in the fourth quarter. DigiTimes on Wednesday reported that Apple has cut fourth-quarter iPhone 4S parts orders with its suppliers. The report’s anonymous sources claim that some amount of production volume has been moved from the fourth quarter this year to the first quarter in 2012 due to weaker than expected demand and short supply of some key components. Read on for more. More →

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Apple’s Q4 miss was a gift for investors, Ticonderoga says

By on October 19, 2011 at 9:40 AM.

Apple’s Q4 miss was a gift for investors, Ticonderoga says

Apple reported fiscal fourth-quarter earnings on Tuesday evening that missed analyst estimates by a fair margin, due in large part to iPhone sales that fell well below the Street’s consensus. Analysts weren’t expecting iPhone sales to slow at all, but even Apple CEO Tim Cook acknowledged on the company’s earnings call that the overactive hype machine ahead of the company’s October iPhone refresh was largely responsible for the stall. Firms are still bullish on Apple despite the miss, of course, and one analyst views Apple’s fourth-quarter earnings as a “gift” ahead of the holiday season. Read on for more. More →

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Apple reports Q4 earnings; misses big on iPhone sales, steady on iPad, Mac sales

By on October 18, 2011 at 4:34 PM.

Apple reports Q4 earnings; misses big on iPhone sales, steady on iPad, Mac sales

Apple on Tuesday reported its earnings for the fourth fiscal quarter of 2011. Wall Street was expecting revenue of $29.5 billion and earnings of $7.29 per share. The company delivered revenue of $28.27 billion and earnings of $7.05 per share. Apple sold 17.1 million iPhones, 11.1 million iPads, and 4.89 million Macs. While this was Apple’s biggest September quarter ever, the company still missed on most Wall Street estimates. During the third fiscal quarter this year, Apple recorded revenue of $28.57 billion on sales of 20.34 million iPhones, 9.25 million iPads, and 3.95 million Macs into channels. Apple’s full press release is after the break.
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Apple may sell 30 million iPhones in Q4, including 1.5 million Sprint iPhones, analyst says

By on August 3, 2011 at 4:31 PM.

Apple may sell 30 million iPhones in Q4, including 1.5 million Sprint iPhones, analyst says

The launch of Apple’s next-generation iPhone will propel global iPhone sales to 30 million units in the calendar fourth quarter of this year, BTIG Research analyst Walter Piecyk wrote on Wednesday. BTIG had previously estimated that Apple would sell 21.5 million iPhone handsets in the fourth quarter, but in light of Apple having recently reporting sales of 20.34 million units in the fiscal third quarter, the firm’s previous estimate is almost certainly low. Piecyk also believes Apple may sell more than 10 million iPhones in the U.S. alone in the fourth quarter. AT&T, he says, could sell as many as 5 million Apple phones next quarter thanks to the iPhone 5 launch and the possible continuation of a $50 legacy iPhone model. Verizon could sell as many as 4 million iPhones in the fourth quarter, making up 45% of the carrier’s smartphone sales in the quarter; Piecyk thinks Verizon’s continued success with 4G LTE-enabled Android smartphones will drive total smartphone sales to 9 million units in the quarter. Finally, the analyst sees Sprint launching the fifth-generation iPhone this fall, and he estimates sales of 1.5 million units in the fourth quarter. More →

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