huberty

Fortune reports that Morgan Stanley analyst Katy Huberty has taken the unusual step of revising her estimates for the current quarter, predicting that Apple will sell more iPads (up 11 percent), fewer iPhones (down 11 percent) and fewer Macs (down 3 percent).

Analysts adjusting their estimates on the basis of supply-chain data and rumors is nothing new, but it’s an unusual step for Huberty, who generally issues a single forecast the day after the previous quarter’s figures are reported and then sticks with it for the full three months …

The biggest change: Citing “supply chain data points,” she lowered her iPhone estimate by 4 million units (11%) and raised her iPad number by 3 million (also 11%, but in the opposite direction).

Her revised iPad number (21 million) is now one of the highest on the Street and her iPhone estimate (33 million) one of the lowest.

She also trimmed her Mac sales and  gross margin numbers, which brought her top line (revenue) down 4% to $41.4 billion and her bottom line (EPS) down 5% to 9,59. Her new price target is $600, down from $630.

Huberty has also added her voice to the growing number of commentators predicting some kind of true digital wallet product from Apple, beyond the Passbook approach of simply storing and updating electronic coupons. Apple has so far said that it doesn’t consider NFC payments to be a sufficiently mature technology, with few retailers having the infrastructure to support it, but with a growing number of competitor phones supporting it, the question for iPhone is not if but when.

FTC: We use income earning auto affiliate links. More.


Check out 9to5Mac on YouTube for more Apple news:

You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

About the Author

Ben Lovejoy's favorite gear