• Barclays Analyst Expects 54 Million iPhone Sales This Quarter



    In the final three months of 2014, Apple sold nearly 75 million iPhones, generating the biggest quarter of earnings in company history. But just because the holiday rush is over doesn't mean that Apple will not put up respectable sales numbers this quarter.

    According to prominent Barclays analyst Ben A. Reitzes, Apple will do just fine for itself in the post-holiday quarter (Apple's fiscal Q2 of 2015). On Thursday, the analyst told investors that he believes Apple will still sell 54 million iPhones during the March quarter.

    By all accounts, supply chain checks and retail sources say iPhone 6 and iPhone 6 Plus sales are still strong -- surprisingly strong. Consequently, Apple could post nearly a 25% improvement in sales for the quarter year-over-year.

    Although some 20 million fewer iPhones will have been sold vs. the last quarter of 2014, 54 million iPhone sales will likely still push shares of AAPL even higher. As of Thursday afternoon, AAPL is trading north of $126 a share, not far from it's all time high just above $130.

    Reitzes now believes Apple will ship 218 million iPhones in its current fiscal year.

    Source: Barclays (via Apple Insider)
    This article was originally published in forum thread: Barclays Analyst Expects 54 Million iPhone Sales This Quarter started by Michael Essany View original post
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