Mark Moskowitz


'Mark Moskowitz' Articles

Apple Forecasted to Report Record Earnings Next Week, but Will iPhone 8 Keep Driving Growth?

Barclays estimates that Apple will report a record-breaking $76.6 billion in revenue when it announces its earnings results for the first quarter of fiscal 2017 on January 31. Apple reported revenue of $75.9 billion in the year-ago quarter, and offers guidance of $76 billion to $78 billion for this quarter. UBS estimates Apple will report revenue of $77.8 billion next week, which falls on the higher end of Apple's guidance. UBS analyst Steven Milunovich maintained a "buy" rating for Apple stock with a target price of $127—compared to $120 currently—in a research noted issued to investors today. Meanwhile, Barclays analyst Mark Moskowitz lowered his price target for Apple's stock from $119 to $117 in a research note issued to investors today. Moskowitz does not expect "meaningful upside potential" for Apple in 2017. He believes customers increasingly "mixing down" by opting for the iPhone 6s in favor of the iPhone 7 could weigh on Apple, while he is also concerned about China and India failing to emerge as growth catalysts in the next 12 months. He said the so-called "iPhone 8" will potentially have "no must-have advanced features," making him skeptical of a meaningful growth rebound for Apple in the second half of this year. He added that smartphones have become "more than good enough" to serve the needs of most users over multiple years or until the device breaks.While not likely to have a similar replacement cycle of PCs (i.e., 5-7 years), we think the smartphone market and thereby the iPhone franchise stand to face incremental headwinds this year and next,

Analyst Predicts 2017 iPhone 8 'Mega Cycle' With OLED, Wireless Charging, and No Home Button

Rumors surrounding this year's iPhone 7 have focused on its removal of the 3.5mm headphone jack, and its 2017 successor has even been the center of a few reports, but this week Barclays analyst Mark Moskowitz has speculated Apple will skip its traditional "S" upgrade cycle next year altogether. Citing industry sources, Moskowitz says the Cupertino company won't debut a spec-bumped, internally upgraded "iPhone 7s" in 2017, but a completely overhauled "iPhone 8" with "major design changes" and new, next-generation features like wireless charging. The "mega cycle" upgrade could increase iPhone sales by 10.3 percent, according to the analyst, adding that in addition to wireless charging the iPhone 8 could pack an OLED display, a completely altered form factor, and no home button. Previous reports have suggested Apple is working with suppliers to begin manufacturing OLED panels in 2017 for its iPhone lineup, as well as develop an in-house single-chip solution to integrate its touchscreen and display drivers, allowing for a Touch ID-enabled screen and negating the need for a separate home button. A mockup of the iPhone 7 Silver lining - there might be no "S" cycle in C2017. Our conversations with industry participants suggest Apple could skip the "S" cycle next year and instead jump to IP8. The jump could showcase major form factor changes, including OLED, no home button, and wireless charging. In our view, these potential changes could drive a mega cycle, underpinning our C2017 iPhone unit growth estimate of 10.3%, vs. 6.3% previously.Moskowitz's speculation is in line

Apple's Lower-Cost iPhone As a 'Mid-End' Device

AllThingsD shares details on a new report from J.P. Morgan analysts Gokul Hariharan and Mark Moskowitz, who unsurprisingly argue that Apple's rumored lower-cost iPhone will still be a "mid-end" device rather than competing against the true low end of the smartphone market. The analysts point to Apple's previous introductions of the iPod nano and iPad mini as cheaper versions of their parent products that were still significantly more expensive than low-end competitors due to Apple's refusal to sacrifice quality for the sake of price. Echoing some previous rumors, Hariharan and Moskowitz suggest that Apple's lower-cost iPhone is likely to cost $350-$400 without subsidies, significantly cheaper than the iPhone 5 that starts at $650. The analysts point out that such a device would come in at a relatively sparsely-populated midrange of a pyramid that sees strong unit sales at the top and bottom but weakness in the middle.Currently Samsung dominates this segment ($200-500 price range) with 35+ percent market share. [...] We believe Apple could take 20-25 percent of this market in the next 12 months (from almost no market share currently), if it prices a lower-priced product at $350-400 levels. On a separate note, Digitimes is reporting today that Apple's lower-cost iPhone will be specifically targeted at emerging markets and will initially launch in limited volumes in order to test interest in the device. The report claims that Apple is expected to deliver only 2.5-3 million units during the device's first quarter of availability. While Apple almost certainly has

Analyst Claims Redesigned iPhone 5, China-Focused 'iPhone 4-Plus' Coming Soon

The debate over just what Apple will be introducing for its revamped iPhone lineup over the coming weeks is continuing to rage, and J.P. Morgan analyst Mark Moskowitz has weighed in claiming that the company will indeed be introducing two models: a redesigned iPhone 5 and a cheaper "iPhone 4-plus" focused on the Chinese market but also available elsewhere.J.P.Morgan’s research suggests the iPhone 5 will be based on a lighter, thinner form factor that is GSM and CDMA capable. In other words, a “world-mode” smartphone, but not LTE-capable. Mr. Moskowitz also expects the iPhone 5 will have a larger retina display [than] the iPhone 4′s 3.5 inch screen and include an 8 megapixel camera with LED flash. The iPhone 4-plus device is anticipated to be based on the current iPhone and subsume the iPhone 3GS as the lower-end offering. Mr. Moskowitz thinks it could target one or more network carriers in China, but is unlikely to be exclusive to the region.The only concrete evidence of a redesigned iPhone 5 has come in the form of third-party cases based on a claimed leaked design document for the device. Numerous parts for an iPhone 4-like "iPhone 4S" have surfaced over the past several months, leading some to wonder whether Apple will be releasing both models, and if not, which of the two will be the iPhone 5. Fueling the uncertainty is that fact that some analysts have seen no sign of a redesigned iPhone 5 in Apple's supply chain, while other sources including Moskowitz maintain that Apple will indeed be launching two separate

Apple Should Be in 'No Rush' on iPad 3 as RIM's PlayBook Falters

According to a new research note from J.P. Morgan's Mark Moskowitz summarized by AppleInsider, Apple is unsurprisingly working on prototypes for the iPad 3, but should be in "no rush" to release the device as competitors have yet to put forward compelling alternative devices.Analyst Mark Moskowitz with J.P. Morgan revealed on Friday that his conversations with industry insiders have revealed that Apple's next iPad will not be available until sometime in 2012, even as prototypes for the device begin to circle in the supply chain. "In our view, Apple should be in no rush," he said. "The other tablet entrants have stumbled so far, and that trend-line could persist deep into 2012."Moskowitz's report comes as yet another competing tablet exhibits poor marketplace performance, with Research in Motion reporting (PDF) yesterday that it shipped only 200,000 PlayBook tablets during its second fiscal quarter of 2012 that ended on August 27th. It is unknown how many of those shipments translated into sales to end users. In contrast, Apple shipped 9.25 million iPads during its most recently completed quarter. Apple had been rumored to be trying to launch the iPad 3 sometime near the end of this year, but has now reportedly settled on an early 2012 debut. Some reports have claimed that technological difficulties with building a Retina display for the iPad 3 forced Apple to cancel any plans of a 2011 release for the device. Continued word of a 2012 release for the iPad 3 comes as TiPb notes that Target is listing at least some of the current iPad 2 models as "discontinued"