Analysts Bump iPhone Expectations for Apple's Holiday Quarter

152516 apple logoThree-quarters of the way through Apple's holiday quarter, a slew of analysts have increased their calculations of the company's performance, while expecting record iPhone sales on the back of Apple's most successful iPhone launch ever.

Interestingly, Citi analyst Richard Gardner claims to have specifically heard that Apple just last week made a significant boost to its iPhone orders with suppliers, suggesting significant upside for the current quarter.

Our meetings in Taiwan suggest that Apple raised 4CQ11 iPhone orders to suppliers meaningfully just last week. The new iPhone build plan is meaningfully above the low-30’s million figure that we were hearing previously. Given such a significant order increase at this late stage in the quarter, it seems clear that Apple is headed for a meaningful upside surprise on iPhone shipments this quarter.

Other analyst updates include:

- Maynard Um of UBS raised his estimate of iPhones sold on the quarter to 30 million from 28. Um noted that his team believes the 30 million number is still conservative, especially with an iPhone 4S launch in China pending.

- Shaw Wu of Stern Agee raised his iPhone expectations from 26 million to 28 million, though he believes those numbers could run even higher thanks to high demand from Asia.

- William Power of R.W. Baird raised his iPhone estimate to 31.2 million units.

- Mark Moskowitz of JP Morgan raised his iPhone estimates to 28 million units from 25.3 million.

- Mike Walkley of Canaccord Genuity raised his iPhone estimate to 30.5 million from 29 million units, saying "our November checks indicated strong global iPhone sales with Apple share gains versus Android smartphones in the US and Western Europe".

While the iPhone is expected to be a powerhouse this quarter, Power, Moskowitz and Walkley all cut expectations slightly on the iPad.

Apple CEO Tim Cook, on the most recent Apple earnings call in mid-October weighed in with his own expectations, saying his team was "very confident that we will set an all-time record in the December quarter for iPhone sales."

Top Rated Comments

Sasha-1 Avatar
162 months ago
just got a Galaxy Nexus through my work. Makes the iPhone 4GS look like a kids toy

I went from the 3Gs to Android. Owned the HTC EVO, the G2x and the Nexus S. Finally went back to the iPhone 4S. It's so easy to get caught up in what Android has to offer, but in the end I think the email app is so much better on iOS. The apps are polished and perfect. I don't have the widgets, which I was down to using just a weather widget anyway. Love Siri. The iPhone 4S just has a much better response. It's more fluid and dynamic. Android feels clunky to me. Your milage may vary.
Score: 5 Votes (Like | Disagree)
JHankwitz Avatar
162 months ago
How could so many people fall for the iPhone "S" release cycle?! It is so sad...

I can't figure out what your comment means. How could it be sad that more and more people are equiping themselves with the best technology available on the planet? I purchased an iPhone 4 just a few months ago, and I'm far from sad about it. It's providing me with all I need.
Score: 5 Votes (Like | Disagree)
ForzaJuve Avatar
162 months ago
Raised my expectations

Based on the other analysts estimates I just raised my estimate to 30.49 million, can you add my name to that list if I tell you I am an analyst?
Score: 3 Votes (Like | Disagree)
gnasher729 Avatar
162 months ago
It's almost a guarantee that the stock is going to hit $500 at the minimum and probably $600 by 2013 if not sooner.

That's nonsense. If that was "almost a guarantee" then the stock price would be higher today.
Score: 2 Votes (Like | Disagree)
alphaod Avatar
162 months ago
The 4S makes a great gift for family and friends who live abroad.

How could so many people fall for the iPhone "S" release cycle?! It is so sad...
Fall for what? Maybe I broke my iPhone 4 and it's out of warranty, what do I do? I buy a 4S, not the 4. You're ignorance to the multitude of possibilities someone would buy the 4S is sad.
Score: 1 Votes (Like | Disagree)
brewser Avatar
162 months ago
Man, I hate when they do this because if Apple doesn't sell that many then everyone is disappointed and the stock drops. I hate analysts!
Score: 1 Votes (Like | Disagree)

Popular Stories

maxresdefault

Apple Announces 'Let Loose' Event on May 7 Amid Rumors of New iPads

Tuesday April 23, 2024 7:11 am PDT by
Apple has announced it will be holding a special event on Tuesday, May 7 at 7 a.m. Pacific Time (10 a.m. Eastern Time), with a live stream to be available on Apple.com and on YouTube as usual. The event invitation has a tagline of "Let Loose" and shows an artistic render of an Apple Pencil, suggesting that iPads will be a focus of the event. Subscribe to the MacRumors YouTube channel for more ...
iPhone 15 Pro FineWoven

Apple Reportedly Stops Production of FineWoven Accessories

Sunday April 21, 2024 6:03 am PDT by
Apple has stopped production of FineWoven accessories, according to the Apple leaker and prototype collector known as "Kosutami." In a post on X (formerly Twitter), Kosutami explained that Apple has stopped production of FineWoven accessories due to its poor durability. The company may move to another non-leather material for its premium accessories in the future. Kosutami has revealed...
Apple Vision Pro Dual Loop Band Orange Feature 2

Apple Cuts Vision Pro Shipments as Demand Falls 'Sharply Beyond Expectations'

Tuesday April 23, 2024 9:44 am PDT by
Apple has dropped the number of Vision Pro units that it plans to ship in 2024, going from an expected 700 to 800k units to just 400k to 450k units, according to Apple analyst Ming-Chi Kuo. Orders have been scaled back before the Vision Pro has launched in markets outside of the United States, which Kuo says is a sign that demand in the U.S. has "fallen sharply beyond expectations." As a...
iOS 17 All New Features Thumb

iOS 17.5 Will Add These New Features to Your iPhone

Sunday April 21, 2024 3:00 am PDT by
The upcoming iOS 17.5 update for the iPhone includes only a few new user-facing features, but hidden code changes reveal some additional possibilities. Below, we have recapped everything new in the iOS 17.5 and iPadOS 17.5 beta so far. Web Distribution Starting with the second beta of iOS 17.5, eligible developers are able to distribute their iOS apps to iPhone users located in the EU...
iPad And Calculator App Feature

Apple Finally Plans to Release a Calculator App for iPad Later This Year

Tuesday April 23, 2024 9:08 am PDT by
Apple is finally planning a Calculator app for the iPad, over 14 years after launching the device, according to a source familiar with the matter. iPadOS 18 will include a built-in Calculator app for all iPad models that are compatible with the software update, which is expected to be unveiled during the opening keynote of Apple's annual developers conference WWDC on June 10. The lack of ...
Provenance Emulator

PlayStation and SEGA Emulator for iPhone and Apple TV Coming to App Store [Updated]

Friday April 19, 2024 8:29 am PDT by
The lead developer of the multi-emulator app Provenance has told iMore that his team is working towards releasing the app on the App Store, but he did not provide a timeframe. Provenance is a frontend for many existing emulators, and it would allow iPhone and Apple TV users to emulate games released for a wide variety of classic game consoles, including the original PlayStation, SEGA Genesis,...