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iPhone 7 sales still on the up - analyst corrected forecast upward

Oct 07 2016| 7:38 | 0 Comments
The good quarterly report of an Apple supplier agrees the analysts on the stock market positively. RBC Capital Markets expects a successful Christmas sale. The previous iPhone sales forecast of Wall Street is stacked too deep, says analyst Amit Daryanani of RBC.

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In his analysis Daryanani looks at the last balance sheet of the Apple supplier Dialog Semiconductor. This had presented its balance sheet for the third quarter until Wednesday. It appears from that Apple has raised its iPhone-order numbers. According Daryanani could Apple expect a revenue increase of 13 percent - compared to previous expectations.

13 percent more than expected

So far, the supplier Dialog Semiconductor of more than 300 million US dollars had gone out on revenue. Now the forecast lies at just under 350 million. This is obviously a noticeable upward jump.

Apple is the most important customer of the manufacturer dialog. About three-quarters of the company's revenue flow, thanks to the agreements with Cupertino.

Among the reasons he cites among others the popularity of larger and thus more expensive iPhone 7 Plus, but also the explosive debacle the competitor Samsung. This had to recall much of the first Samsung Galaxy Note 7 smartphones due to a dangerous defect. This was received by customers less well, a part of the disappointed touch users played then with the idea of ​​switching to Apple.

According to RBC, the percentage of customers who prefer the larger iPhone with 5.5-inch touch screen, increased year on year by 8 percentage points to 46 percent. Swabs make many during storage. The currently offered minimum of 32 gigabytes of storage is sufficient for many customers.

44 million iPhones in Q3

RBC estimates that iPhone sales total to 44 million units in the third quarter. In the fourth quarter, the number will increase to a whopping 79 million. Accordingly, the revenue from iPhone sales climbed alone by 47 to 79 billion US dollars, as predicted Daryanani. ( Via )
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