Uh-Oh... Apple (AAPL) May Miss iPhone Targets in Q2
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Data today from wireless carrier Verizon (NYSE: VZ) suggests that Apple (Nasdaq: AAPL) may miss the Street's iPhone sales target when they report next week.
In Q4, Verizon's 4.2 million iPhone activation represented 11.35 percent of Apple's total iPhone unit sales of 37 million. Today, Verizon noted that it activated 3.2 million iPhones in Q1. If Verizon's percent of iPhone sales remains stable from Q4, then this could suggest that Apple will sell 28.2 million iPhones during the past quarter (Q2). If this is the case, then Apple would miss the consensus of 30 million iPhone units during the quarter.
Even if Apple misses iPhone estimates this quarter, all may not be lost. This will be a very important quarter for the iPad, with the new version launched. There is also the fact that iPhone 4S launched in China during the quarter. Also, the iPhone 5 launch later this year will likely be the biggest ever.
Apple reports it Q2 FY12 EPS on April 24, after the market closes.
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In Q4, Verizon's 4.2 million iPhone activation represented 11.35 percent of Apple's total iPhone unit sales of 37 million. Today, Verizon noted that it activated 3.2 million iPhones in Q1. If Verizon's percent of iPhone sales remains stable from Q4, then this could suggest that Apple will sell 28.2 million iPhones during the past quarter (Q2). If this is the case, then Apple would miss the consensus of 30 million iPhone units during the quarter.
Even if Apple misses iPhone estimates this quarter, all may not be lost. This will be a very important quarter for the iPad, with the new version launched. There is also the fact that iPhone 4S launched in China during the quarter. Also, the iPhone 5 launch later this year will likely be the biggest ever.
Apple reports it Q2 FY12 EPS on April 24, after the market closes.
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