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

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

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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

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 - April 24, 2012 at 6:27pm
Sales are down because we are holding out for the new phone this year
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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