Apple Inc. (AAPL) iPhone 5 Not As Hot As Its Predecessors: Oppenheimer

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Apple Inc. (AAPL) iPhone 5 Not As Hot As Its Predecessors: Oppenheimer
<a href="https://pixabay.com/users/ElisaRiva/">ElisaRiva</a> / Pixabay

Apple Inc. (NASDAQ:AAPL)’s iPhone 5 may not be quite as popular as previous iPhone models such as the 4 and 4S. There is a new report from one Oppenheimer analyst Ittai Kidron. During Tuesday’s investor’s note, he reported that retail checks show a steady demand for the iPhone 4/4S but the iPhone 5 show a mixed demand. He also expects this trend to continue.

Apple Inc. (AAPL) iPhone 5 Not As Hot As Its Predecessors: Oppenheimer

Apple’s iPhone Sales Estimates

Kidron estimates overall Apple Inc. (NASDAQ:AAPL)’s iPhone sales for the current quarter to be 26 million, a number down from previous forecast of 27 million.

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Even though the new iPhone is predicted to debut sometime in September, he doesn’t think the quarter will be enough. He said, “Our previous estimates also reflected a nearly full September quarter contribution from a new iPhone, which looks overly optimistic at this point. We still feel a September month launch and QoQ (quarter on quarter) volume increase are possible, but with our checks already showing signs of delayed iPhone 5 purchases, there’s still risk to our lowered estimate [of 29 million in iPhone sales].”

Apple Larger iPhone, TV, iWatch:

Kidron doesn’t expect Apple Inc. (NASDAQ:AAPL) to unveil a larger iPhone, Apple Television, or iWatch this upcoming September. However, he thinks if any one of those does debut,  it has a lot of potential to gain fans and win over investors. He added, “We see a larger iPhone as a [calendar year 2014] reality, but only mildly incremental to estimates/sentiment. We’re lukewarm on an iWatch, but view iTV as having more game-changing/innovation-reaffirming potential.”

Apple Inc. (NASDAQ:AAPL)’s iPhone 5 is still very popular with most tech fans, however they are gaining a lot of competition from the likes of Samsung and other Android companies. Customers have options when it comes to smartphones. And although they are likely to go with the perennial favourite iPhone, consumers aren’t afraid to look at other options like the Samsung Galaxy S4, which is one of the best Android devices on the market currently.

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