Canaccord Genuity’s Michael Walkley weighs in on Apple (AAPL) this morning with not one but two notes to his clients, one regarding the iPhone, one regarding the iPad.
On the iPhone front, Walkley writes his “checks” indicate Apple’s sales of the iPhone last quarter were able to withstand “heavy promotions for new LTE smartphones,” referring to the standard for faster 4G wireless data, in the form of smartphones running Google‘s (GOOG) Android operating system.
Apple may have sold 12 million iPhones in the U.S., 6 million at AT&T (T), 4.2 million at Verizon Communications (VZ), and 2 million at Sprint-Nextel (S), he writes. That means the global iPhone total may exceed the 30.5 million he’s been estimating.
Walkley attributes the inability of those new LTE phones to best the iPhone in one sense to the “poor battery performance for 4G/LTE/HSPA+ Android smartphones.”
And in a broader note surveying the wireless landscape, Walkley writes that “our checks indicate the iPad 2 remains the top-selling tablet, despite increasing tablet competition from the [Amazon.com (AMZN)] $200 Kindle Fire.”
Walkley “believes Apple will maintain strong unit market share and dominant share of industry profits in these fast growing markets during C2012.”
Apple shares today are up $2.87, or 0.7%, at $420.84.
No comments:
Post a Comment