iDevice Sales May Have Topped 80M Last Quarter
Apple is projected to have sold a record number of iDevices during the last quarter of 2013 - the crucially important holiday quarter that analysts hold in high regard for measuring the success and sustainability of a company and its profits during the coming year.
Canaccord Genuity analyst T. Michael Walkley is holding a $600 price target for AAPL, noting today that his holiday surveys and analysis suggest "very strong iPhone 5s sales" over the 2013 holidays. In fact, if Walkley's estimates are correct, Apple had a record holiday quarter.
Per Walkley's estimates, Apple sold 54 million iPhones during the holiday quarter and nearly 25 million iPads, bringing the grand total of iOS devices sold to 80 million for the quarter.
Analysts surveyed by Thomson Reuters call for Apple to earn $43.72 in fiscal 2014 and $47.88 in fiscal 2015.
Apple is scheduled to report earnings on January 27th.
"Apple had a sluggish 2013 when it comes to sales growth, due largely to slowing iPhone sales and iPad growth, but Walkley expects that major innovation will happen in 2014, with the potential for a mid-year iPhone 6 launch," TheStreet reports. "He also expects that Apple could release a larger version of its popular iPad tablet, rumored to be called the iPad Pro. As such, he's raised his 2014 and 2015 earnings estimates."
Source: The Street