If the so-called “iPhone 8” is not sent to the end of the third quarter, the pent-up demand will only increase the sales for the quarter of holidays, instead of hurt to Apple, believes an analyst.
Timothy Arcuri of Cowen & company issued a note to investors on Wednesday saying that Apple is still working on increasing the yield of the solution of AuthenTec Touch ID embedded in the screen of the “iPhone 8”, and it will take a little of mass production. Arcuri believes that the problems of performance in the identity solution touch, in addition to possible problems with the motherboard in layers in the “iPhone 8” will make the mass production of a “normal” July or August for a period of time to October or November.
As a result, the analyst expects shipments of iPhone in the fourth financial quarter of Apple will be less than the predictions of Wall Street of around 47 million and will come in at about 44 million. On the other hand, the delay in the availability will push iPhone sales for the quarter on holiday until close to 90 million, and Arcuri believes that the estimates of Wall Street for the fiscal year 2018 sales are “too low”.
Even with the predictions of reduced sales due to not “iPhone 8” in the quarter, the average sales price of the iPhones in the fourth fiscal quarter of Apple must increase from year to year. Arcuri hopes that the average sales price rises in the fourth to a “conservative” $626, above slightly from 2016 even without any contribution from sales of “iPhone 8.”
Arcuri still believes that investors are not giving Apple service segment enough credit for the earnings of Apple. If such a change, the impact of seasonal variations in sales do not beat the stock so ambitious, and the action could hit $175 in 2017.
In 2016, the iPhone 7 began to send in the middle of September, with the preórdenes of arrival and the stock retailer limited by tapping on 16 September. The supplies of the iPhone 7 Plus remained limited in the first calendar quarter of 2017. However, the great majority of the sales of the family of Apple iPhone 7 were in the quarter of holidays, and not in the final days of the fourth fiscal quarter of Apple 2016.
The “iPhone 8” is predicted to sport an edge-to-edge OLED panel with a 5.1-inch user space the rest dedicated to the virtual buttons. Slimming or removing the bezels would allow Apple to cram a larger battery into a form factor similar in size to the 4.7-inch iPhone 7. It is also expected a new 3D facial scanner.
With a complete redesign, plus the inclusion of a curved glass 2.5D again with the wireless charging, some reports have set the initial price of the “iPhone 8” to more than $1,000.
Via | Appleinsider