Filed under: Analysis / Opinion, Odds and ends, Other Events, Apple Financial, Steve Jobs, iPhone
Munster predicts: Apple to sell 7 million iPhones in September quarter
Piper Jaffray senior research analyst Gene Munster, who is not pictured at right, is continuing his love affair with all things AAPL. In the last few weeks he's told us that the iPhone will be picked up by another U.S. carrier in 2010, that Steve Jobs will be on hand at the September 9th Apple music event, and that there would be an AppleTV announcement at the event (this was quashed by Jim Dalrymple at The Loop). Now the Munster-man is back with even more good news. He believes now that manufacturing capacity for the iPhone 3GS has ramped up and supply is adequate, Apple is on track to sell 7 million iPhones during the quarter ending September 30th.
According to Munster, tight supplies of the 3GS at launch led AT&T store managers to recommend the less pricey 3G to customers. Now that supplies are adequate, store managers are recommending the 3GS, which remains the best selling device at AT&T outlets. Piper Jaffray's figures indicate that during August, the iPhone took share from BlackBerry, the Nokia E71x, and other competitors.
Munster's last prediction isn't so rosy, but is based on historical precedent -- he expects Apple's stock price to dip after tomorrow's event by about 1 percent.
[via AppleInsider]
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Reader Comments (Page 1 of 1)
Dan Woods said 8:44PM on 9-08-2009
How much does a Research Analyst get paid?
If one of their random predictions turns out false, do they get their pay docked?
Do they get a raise when one of their random predictions defies the odds and comes true?
How do I become a Research Analyst?
Reply
Doug Clinton said 7:23AM on 9-09-2009
"he expects Apple's stock price to dip after tomorrow's event by about 1 percent"
What? That's $1.73 at yesterday's closing price. Apple's stock routinely fluctuates more than that in a day. 1% is down in the noise. It was up more than .5% in the post-market alone yesterday.
Do you not even need to be able to read a stock chart to become a stock price pundit these days?
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