• Brean Capital Expects Apple to Sell as many as 53 Million iPhones in the June Quarter

    According to Brean Capital, Apple’s June quarter will likely come in much higher than most on Wall Street expect. The company told investors that it expects Apple to have sold as many as 53 million iPhones in the three-month period. According to analyst, Ananda Baruah, he stands firm on his stance that Wall Street forecasts for Apple are “materially low” through 2017.

    Although market projections call for Apple to have shipped anywhere between 48 million and 50 million iPhones in the June quarter, Baruah believes that the company likely shipped between 52 million and 53 million units. The Cupertino California company the implies that unit guidance was estimated to be around 49 million.

    The analysts’ research also suggests that the share of sales for the higher-priced iPhone 6 Plus is stronger than what the market believes it to be. He sees this driving the average selling price up and gross margins higher than anticipated. When it comes to the June quarter, Brean Capital projected earnings per share of between $1.90 and $2.00, compared to the Wall Street average of $1.77. Baruah called for revenue between $52.5 billion and $53 billion, with gross margins between 40% and 40.3%.

    The Cupertino California will report the results of its June quarter after the market closes in the US on July 21, so we’ll just have to see. Baruah has high expectations for the second half of calendar 2015 and heading into 2016. As a result, Brean Capital has maintained a $170 priced target for shares of AAPL accompanied by a “buy” recommendation for investors.

    Source: Brean Capital via AppleInsider
    This article was originally published in forum thread: Brean Capital Expects Apple to Sell as many as 53 Million iPhones in the June Quarter started by Akshay Masand View original post
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    1. DieselVexx's Avatar
      DieselVexx -
      I believe this
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