Apple Analyst Says iPhone 15 Pro, Pro Max Preorders Strong Out Of The Gates, Increasing Confidence In Estimates For Holiday Quarter
Portfolio Pulse from Shanthi Rexaline
Apple Inc.'s iPhone 15 Pro and Pro Max preorders are tracking stronger than consensus estimates, according to Wedbush analyst Daniel Ives. The product mix is heavily skewed towards these models, particularly in the US, China, India, and parts of Europe. Ives estimates that preorders in India were up about 25% YoY and stronger in China. He also predicts that iPhone shipments could be close to 90 million units in the holiday quarter. For the fiscal year 2024, Ives models iPhone unit sales in the range of 225 million units and rising ASPs.
September 18, 2023 | 6:36 am
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POSITIVE IMPACT
Strong preorders for Apple's iPhone 15 Pro and Pro Max could positively impact the company's stock in the short term.
The strong preorders for the iPhone 15 Pro and Pro Max, particularly in key markets like the US, China, India, and Europe, indicate a positive reception to the new product. This could lead to increased sales and revenue for Apple, which could positively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100