Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jul 7, 2017 2:40:33 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jul 7, 2017 4:02:42 GMT -8
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Post by phoebear611 on Jul 7, 2017 5:07:57 GMT -8
Apple iPhone sales improved later in the quarter, says Canaccord:
Canaccord Genuity analyst T. Michael Walkley says his firm's June North American smartphone surveys indicated "steady" sales of Apple's (AAPL) iPhone 7 through the June quarter. Sales were "stable to improving" later in the quarter as enthusiasm for Samsung's (SSNLF) Galaxy S8 waned in the U.S. market, Walkley tells investors in a research note. The analyst adds that his iPhone unit estimates for the June and September quarters are consistent with consensus expectations at 42M and 47M units, respectively. He expects a stronger iPhone upgrade cycle in 2018 with the 10-year anniversary iPhone 8. The analyst reiterates a Buy rating on Apple with a $180 price target.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jul 7, 2017 10:32:48 GMT -8
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bud777
fire starter
Posts: 1,353
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Post by bud777 on Jul 7, 2017 10:41:32 GMT -8
Nah, lets talk about cars 😏
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Post by rickag on Jul 7, 2017 11:26:47 GMT -8
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Post by sponge on Jul 7, 2017 11:35:17 GMT -8
Well in the last month we breached the 20, 50, and 100 MA. The question is when will we touch the 200.
All news seems to indicate a slowdown in iPhone sales and delay in the special model. If we confirm that on Aug 1 thru guidance, how much do we drop or is the market already priced those two things in.
The bigger issue is lack of progress in Congress with health care and concerns about tax reform.
Get ready for a wild next four months.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on Jul 7, 2017 14:06:14 GMT -8
All news seems to indicate a slowdown in iPhone sales... Please see the post above from Phoebear about iPhone sales
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Post by sponge on Jul 8, 2017 12:02:25 GMT -8
All news seems to indicate a slowdown in iPhone sales... Please see the post above from Phoebear about iPhone sales Not sure what the 42 million iPhones he is referring to really means. Based on guidance I am modeling 49 million. So if we get 42 then we are in trouble.
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Post by tuffett on Jul 8, 2017 14:13:39 GMT -8
Please see the post above from Phoebear about iPhone sales Not sure what the 42 million iPhones he is referring to really means. Based on guidance I am modeling 49 million. So if we get 42 then we are in trouble. Last year was 40.4, highest ever was 47.5. Why on earth would you be modelling 49??
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Post by sponge on Jul 8, 2017 14:20:37 GMT -8
Not sure what the 42 million iPhones he is referring to really means. Based on guidance I am modeling 49 million. So if we get 42 then we are in trouble. Last year was 40.4, highest ever was 47.5. Why on earth would you be modelling 49?? My mistake. I meant 40.
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Post by tuffett on Jul 9, 2017 10:07:47 GMT -8
So if Apple reports 42 instead of your 40 they'd be in trouble?
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Post by sponge on Jul 9, 2017 10:19:34 GMT -8
So if Apple reports 42 instead of your 40 they'd be in trouble? No that would be OK assuming that number is correct. I think 42 is too high, since it would indicate a significant beat over guidance. Apple has not reported a big beat in quite awhile and I don't see that. Since some on WS expect more then 40 million then anything less could cause further selling.
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