• UBS Analyst Projects Record iPhone 6s Quarter



    So in-demand will Apple's forthcoming "iPhone 6s" prove to be this fall that Apple's September quarter could be a record-setting one.

    At least, that's what UBS’s Steve Milunovich told investors Thursday in a note obtained by Barron's.

    The analyst, who is holding fast to a Buy rating on the shares and a $150 price target, says that “two opposing forces are acting on Apple stock: decelerating growth but an inexpensive valuation: We expect an increase in iPhone units in F16 to break the tie.”

    In short, Milunovich believes there is still ample new business for Apple to score. And we could see that as soon as next quarter.

    "Our first read on the Sep quarter based on July month search volumes is demand for 53.9mn units, well above consensus," the analyst notes. "We are raising our sell-in estimate from 46mn to 49mn units, resulting in a slight F15 EPS estimate increase to $9.25. In addition, Apple’s purchase commitments suggest upside to guidance. Wildcards we see are channel fill and whether the 6s will be immediately available in China."

    Source: Barrons
    This article was originally published in forum thread: UBS Analyst Projects Record iPhone 6s Quarter started by Michael Essany View original post
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