February 7, 2023
Apple iPhone Estimates Cut After Poor Sales at Verizon and AT&T

Apple iPhone Estimates Cut After Poor Sales at Verizon and AT&T

Posted April 24, 2012 at 2:40pm by iClarified · 10714 views
Jefferies analyst Peter Misek has sent a note to investors cutting his iPhone estimate for Apple after worse than expected iPhone sales.

A&T and Verizon CQ1 iPhone sales worse than we expected: AT&T activated 4.3M iPhones in Q1 (-43% Q/Q) vs. our expectation of 6M. Last week Verizon reported activating 3.2M (-24% Q/Q) vs. our expectation of 4M. iPhone share fell slightly at both (from 81% to 78% at AT&T; from 55% to 51% at Verizon). We believe this bodes poorly for Apple's CQ2 guidance. Instead of 32M iPhone shipments in CQ2 we now believe 28M-30M is more likely (we currently estimate 32M).

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Apple iPhone Estimates Cut After Poor Sales at Verizon and AT&T
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ECC
ECC - April 25, 2012 at 12:56am
Yeah...This analysts are so darn shortsighted! Any Joe Smuck who has heard about Apple would have been able to tell them that ppl are holding out for iP5!
Arminium
Arminium - April 24, 2012 at 6:27pm
Sales are down because we are holding out for the new phone this year
Taylor2kx
Taylor2kx - April 24, 2012 at 4:03pm
Make the damn things cheaper!!! I just got the 4s, but jeeesh was it pricey.
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