IPhone 14/Pro sales rose, and analysts said Apple shipped 51.1 million iPhones in September
Apple's annual mobile phone shipments are very large, and the iPhone 14 series released this year is still the same, although the overall sales of 14 and plus are not high. As a result, many small partners thought that Apple had jumped this year, but according to the latest data, the shipment of Apple this year was quite good. The analysis agency said that Apple had shipped 51.1 million iPhones in September quarter. Now, let's give a brief introduction.
iPhone 14/Pro sales rose, and analysts said Apple shipped 51.1 million iPhones in September
Before Apple's Q4 financial report conference call in fiscal year 2022 on October 27, Morgan Stanley believed that Apple's quarterly performance in September would exceed Wall Street's expectations, although the agency slightly lowered the target price of Apple shares.
In a note to investors, Morgan Stanley analysts took a cautious view of Apple's financial performance. However, they expect the company to report revenue growth.
Erik Woodring forecasts Apple's quarterly revenue of $90.1 billion in September. This estimate is 2% higher than the $88.4 billion predicted by Wall Street. If accurate, it will break the record of the quarter.
As the year draws to a close, Woodring predicts that Apple's revenue will reach $133.7 billion in the December quarter. This also exceeded Wall Street's expectations, averaging 4% higher.
The combination of iPhone, iPad and Mac may be the main factor driving Apple's growth. As of October 18, the delivery time of iPhone 14 Pro and iPhone 14 Pro Max reached 26.5 days.
Morgan Stanley predicted that the iPhone shipment in September quarter was 51.1 million units, with an average selling price of $838, which may bring iPhone revenue of $43 billion.
The revenue of iPad is expected to be the same as that of last year, reaching 8.3 billion dollars, and the shipment volume is about 16 million units; The Mac revenue may be $1.04 billion, up 14% year on year. It is estimated that the shipment of Mac in September will be 8 million.
Analysts forecast that the wearable device in September was+7% quarter on quarter, but lower than the average seasonal revenue of the past five years+15%. The new Apple Watch Series 8, Apple Watch Ultra, and AirPods Pro may not be enough to drive significant revenue growth.
Finally, Woodring forecasts Apple's service revenue of $19.7 billion. He believes that these factors, together with Apple's 14 week quarter in December, will accelerate the revenue growth of Apple's service business year on year.
Morgan Stanley has slightly lowered the target price of Apple's AAPL stock from $180 in July 2022 to $177.
The decline in the performance of wearable devices and services may be the reason for lowering the target price. In addition, the note also mentioned that the revenue of App Store fell by about 2% year on year, which Morgan Stanley attributed to the decline in game revenue.
Apple is still Apple, and relevant accessories and settings are being upgraded. Therefore, many small partners expect an increase in shipments. In order to meet the needs of consumers, Apple has also been increasing production. In September, it shipped 51.1 million units, which is really powerful.
