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  • iPhone 4S Sales Slowing in Developed Markets Despite Being Strong Globally

    In a recent note to investors, analyst T. Michael Walkley of Canaccord Genuity told investors that iPhone 4S sales are slowing in “certain developed markets.” According to him, the slowdown is an attribute to a fresh crop of dual-core and quad-core Android offerings that are set to release in the near future. It was also noted that some customers are beginning to wait for the next generation iPhone to arrive.

    Walkley continued to write “For example, our March channel checks at Verizon indicated a strong mix of LTE smartphones, and we believe Verizon has strong June quarter promotions planned for LTE smartphones.” Analysts don’t seem bothered by this trend though, as evidenced by an increased price target issued in the same report. Canaccord Genuity further reiterated its “buy” rating for Apple stock and even increased its target to $740 up from $710. Furthermore, despite the projected slump for the iPhone, the global sales of the iPhone continue to remain strong and Apple is still expected to announce that it sold 32.6 million iPhone handsets in Q2 2012.

    Source: AppleInsider
    This article was originally published in forum thread: iPhone 4S Sales Slowing in Developed Markets Despite Being Strong Globally started by Akshay Masand View original post
    Comments 3 Comments
    1. eightyk88's Avatar
      eightyk88 -
      Quote Originally Posted by cutefiona View Post
      Mod Edit: Spam
      Really? 32 million moved units in 4 months is lol worthy?
    1. brodimus's Avatar
      brodimus -
      Um, cuz we have them already? Plus people are waiting to see when the 5 is coming. This guy's giving Android too much credit. There's ALWAYS been another Android phone around the corner.
    1. MetallicaFan1991's Avatar
      MetallicaFan1991 -
      It's cos we all want a major iOS haul and many have gotten into Apple's release dates so we'll all be gearing up for "the new iPhone".