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 →
Industry watchers agree that smartphone sales will continue to balloon in 2012, but much of the projected growth will seemingly be enjoyed by just two companies. In a report to clients earlier this week, UBS analyst Maynard Um lowered his full-year unit sales projections for cell phones to 1.69 billion from his earlier estimate of 1.7 billion units. At the same time, however, he raised his industry revenue estimates to $242.8 billion from $238.8 billion thanks in large part to a huge year projected for both Apple and Samsung. Read on for more. More →
Apple is on track to sell a record number of iPhone handsets in the December quarter thanks to the launch of its latest smartphone, the iPhone 4S. UBS analyst Maynard Um was one of a number of analysts in recent weeks to raise his estimates on iPhone sales for the fourth calendar quarter, and he now believes Apple will offload as many as 30 million smartphones this quarter. Apple now sells three iPhone models: the new iPhone 4S, which broke Apple’s previous record when it sold more than 4 million handsets during the phone’s debut weekend alone, the iPhone 4 and the iPhone 3GS. In the U.S., recent checks indicate that the iPhone 4S and iPhone 4 are still among the best-selling smartphones in the country, and Apple’s iPhone 3GS — which is now free on contract at AT&T — is reportedly still in high demand as well. Um is sticking with his previous iPad sales estimates for the fourth quarter. The analyst believes Apple will move 12 million iPads between October and December, though he did note that strong holiday sales could push that figure up to 13 million units.
Spurred by the iPhone 4S launch, several analysts expect sales of Apple’s iPhone lineup to explode during the fourth quarter of this year. “The timing of the 70 [international] launches could have some impact on sales ahead of the launch, the US/International split, and hence, our estimates look conservative,” UBS analyst Maynard Um said in a recent note to investors. “A similar 27.5 percent U.S. / 72.5 percent international split from this quarter would imply 42.5 million units in CY4Q or an upside of 14.5 million iPhones.” Apple shipped 17.1 million iPhones during the fiscal fourth quarter, and the lower-than-expected sales were blamed on rumors and anticipation ahead of the iPhone 4S launch. Um predicts a huge turnaround for Apple in the fourth calendar quarter, and of course he isn’t alone. The “resoundingly successful” iPhone 4S launch is expected to result in a big holiday season for the Cupertino-based company, Ticonderoga Securities said in a recent note.
A whopping 89% of iPhone owners plan to stay loyal to Apple with their next smartphone purchase according to a recent survey conducted by investment bank UBS. A group of analysts from the firm recently commissioned a survey of 515 smartphone owners and determined that Apple’s iPhone is by far the most “sticky” device on the market. Apple’s next closest competitor was HTC, but only 39% of HTC smartphone owners said they intended to purchase another phone from the Taiwan-based vendor. RIM dropped to the No. 3 spot with a 33% retention rate, which was just half of the 66% it scored in a similar UBS survey from 18 months earlier; Apple had a 95% retention rate in UBS’s March 2010 survey, so it too declined over the past year and a half. Samsung (28%) and Motorola (25%) rounded out the top-5. A chart of UBS’s findings follows below. More →
UBS analyst Amitabh Passi on Wednesday cut his price target on shares of Research In Motion stock to $30 from a previous target of $41, and reiterated a Neutral rating. Passi stated in his note to investors that RIM is currently facing challenges in the “platform wars” underway between companies like Google, Apple and Microsoft. While the analyst sees the successful launches of RIM’s BlackBerry 7 phones as being important for the Waterloo, Ontario-based vendor in the near term, he says the company’s successful transition to QNX is much more important to RIM strategically. In other words, there’s still hope if BlackBerry 7 devices aren’t a collective home run. In the meantime however, Passi says that UBS’s checks reaffirm RIM’s declining smartphone market share. “Our store checks also show accelerating market share deterioration for new subscribers during June and July as multiple top-tier Android products have been rolling out and Apple continues to gain market share,” the analyst wrote. As a result, Passi cut his revenue estimates for RIM’s fiscal year to $19.8 billion from $21.1 billion, and he lowered his EPS estimate to $4.82 from $5.81. Also lowered in Passi’s note were his smartphone unit shipments estimate, which dropped to 51.5 million units from 54.9 million, and his estimate for PlayBook shipments, which now sits at 2.5 million units compared to his earlier projection of 3.6 million tablets.
UBS analyst Maynard Um has raised his stock price target for Apple, Inc. to $350 from $340. The move comes as Um predicts upwards of 28 million iPads could be sold in 2011; a number the analyst described as “conservative.” Mr. Um is also predicting 52 million iPhones to be sold in the 2011 calendar year. Um continued: “We continue to favor product plays such as Apple as the company should have some of the most highly sough referred t after products in the holiday quarter. Despite tough economic conditions, consumers remain willing to pay for innovation. Despite increasing competition in smartphones and that which is soon to come in tablets, Apple’s ability to keep its products fresh and innovative gives us confidence in our estimates going forward.” Unlike 2010, the iPad will be competing with multiple Android tablet devices — such as Samsung’s Galaxy Tab — that offer similar functionality in 2011. More →