JP Morgan Predicts iPhone Sales During June Quarter to Outpace Predictions Again

[Phillip Swanson]

J.P. Morgan analyst Mark Moskowitz is predicting Apple will once again have a record setting quarter in June with 19.6 million iPhones sold, up nearly 2 million units from his initial estimate earlier this quarter.

If Apple does in fact have another record setting quarter of iPhone sales it'll keep their string of record setting quarters alive. However, Moskowitz's analytical peers aren't nearly as bullish. Gene Munster of Piper and Jaffray is expecting Apple to announces June quarter sales of 16 million iPhones and Robert Cihra of Caris & Company is predicting sales of 15.8 million units.

While those numbers are lower they still represent nearly a 90% increase in year-over-year sales from the last June quarter. Moskowitz sees no signs of Apple slowing down either.

Plus we expect the momentum to continue, driven by the looming iPhone 4-plus refresh. Also, better than expected component pricing and improved yields stand to benefit iPhone gross margin. - Moskowitz

Next Tuesday Apple will hold it's third quarter earnings report and let analysts know if they should stop underestimating and maybe overestimate once, just so they kind of appear to know what they're doing.

Source: Apple Insider

[RICO_]

Well I predicted JP Morgan would predict iPhone sales to outpace estimates so eat THAT.

Moving on.......

[TEO1939]

thanks a lot