Barclays U.S. Wireless Equipment: Handset Themes for 2012 Ahead of MWC
Tweet
Share
E-mailGet Alerts QCOM Hot Sheet
Price: $159.41 -0.83%
Rating Summary:
25 Buy, 33 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 17
Rating Summary:
25 Buy, 33 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 17
Join SI Premium – FREE
Barclays U.S. Wireless Equipment: Handset Themes for 2012 ahead of MWC
Analyst, Jeff Kvaal, said, "Ahead of the Mobile World Congress (MWC) trade show and following a solid 4Q11, we rebalance our global handset estimates and identify likely themes for the coming year. A minimal decline in our overall estimates belies material shifts between the share gainers and losers. Our top handset picks ahead of MWC are QUALCOMM (Nasdaq: QCOM), Nokia (NYSE: NOK), and Apple (Nasdaq: AAPL)."
"We lower our bottoms up 2012 estimate from 10% unit growth to 8%: We anticipate smartphone growth of 40%, above consensus of 30%. We assume a 6% decline in feature phones that brings volumes to 1.7bn. Gains at Samsung, Apple, Huawei, and ZTE offset declines at Nokia, RIM (Nasdaq: RIMM), HTC, and Motorola Mobility (NYSE: MMI)(Nasdaq: GOOG). We model 8% growth in 2013."
Analyst, Jeff Kvaal, said, "Ahead of the Mobile World Congress (MWC) trade show and following a solid 4Q11, we rebalance our global handset estimates and identify likely themes for the coming year. A minimal decline in our overall estimates belies material shifts between the share gainers and losers. Our top handset picks ahead of MWC are QUALCOMM (Nasdaq: QCOM), Nokia (NYSE: NOK), and Apple (Nasdaq: AAPL)."
"We lower our bottoms up 2012 estimate from 10% unit growth to 8%: We anticipate smartphone growth of 40%, above consensus of 30%. We assume a 6% decline in feature phones that brings volumes to 1.7bn. Gains at Samsung, Apple, Huawei, and ZTE offset declines at Nokia, RIM (Nasdaq: RIMM), HTC, and Motorola Mobility (NYSE: MMI)(Nasdaq: GOOG). We model 8% growth in 2013."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Barclays Downgrades Renault SA (RNO:FP) (RNSDF) to Equalweight
- JPMorgan Downgrades Limbach Holdings (LMB) to Underweight
- Walmart (WMT) PT Lowered to $132 at DA Davidson
Create E-mail Alert Related Categories
Analyst Comments, Retail SalesRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
