VERY optimistic outlook/forecast by Daniel Ives, who asserts ... | AAPL Message Board Posts


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Msg  189237 of 189286  at  9/29/2022 5:29:40 AM  by

Pantone101NaturalBlondie


VERY optimistic outlook/forecast by Daniel Ives, who asserts ...


<<Our view is the headline of "not increasing production" (~6 million units) overshadows the underlying story for iPhone 14 Pro demand that is currently playing out in the field.

iPhone Pro demand remains robust based on all data points we see across the US and China and is tilting towards a 85%-90% mix for iPhone 14 vs. ~65% with iPhone 13. This means much higher ASPs and a clear tailwind for Apple into FY23 at this pace. Wait times have extended into early November for some Pro models and we maintain our belief that Apple is shifting production from the base model to Pro across Asia ahead of holiday season.

As we have discussed initial iPhone 14 units was roughly 90 million and is in line with iPhone 13 and that remains firm/unchanged. However the mix is heavily shifted towards Pro while the base model iPhone sales have clearly been underwhelming and softer than Apple expected.

Our positive thesis on Apple remains unchanged and we are not wavering in our view the iPhone 14 Pro demand is robust and this will enable Apple to power through near-term macro headwinds much better than feared by the Street. The softness on the base iPhone model is a clear sign that in this weaker macro consumers are not paying up for a smartphone that is pricey with minimal enhancements from iPhone 13 with the Pro model a complete other story seeing positive demand.>>

PED adds:

<<Maintains Outperform rating and (market-high) $220 price target.>>

https://www.ped30.com/2022/09/28/apple-daniel-ives-bloomberg/


ALSO . . . in reader comments linked on the righthand side, John Konopka conveys:

<<Cramer at about 4PM PDT hinted around that Bloomberg was full of it and told people to hold on to their AAPL stock, dont sell it.

Apple announced that the quarterly earnings will be released 10/27.>>

https://www.ped30.com/2022/09/28/apple-bloomberg-iphone-14-analysts/#comment-66881


Curious, isn't it, that Bloomberg (aka Gloomberg) spewed its FUD exactly THIRTY (30) days before Apple's ER?!


My own inclination is to back up the truck.




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Msg # Subject Author Recs Date Posted
189238 Re: VERY optimistic outlook/forecast by Daniel Ives, who asserts ... shiftsuper175607 1 9/29/2022 8:03:44 AM




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