Gene Munster Stories March 26, 2013

Apple analyst Gene Munster still clinging to HDTV this year, warns no major product announcements until June iPhone 5S launch (Video)

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Piper Jaffray Apple analyst Gene Munster is out today with an updated outlook for the company, warning that Apple will not have any major product announcements until June and likely miss its June guidance with lower-than-expected iPhone and Mac sales.

In other words, the Retina iPad mini he predicted would launch in March—not happening. Instead, Munster said Apple could announce an incremental upgrade to iPad or iTunes in April and wouldn’t have a major product announcement until the iPhone 5S lands in late June. He also told Bloomberg this morning (video above) that a cheaper iPhone would be announced in September through a deal with China Mobile and ship in September or October.

Gene still prays for an Apple HDTV this year, telling Bloomberg this morning there is “no question whether it’s a set-top box versus a TV, it’s an actual TV.” He hopes Apple will announce its full-fledged television set by the end of the year.

Gene also thought Apple’s iWatch won’t make an appearance until 2014, while also noting that wearable technology has an opportunity to cannibalize the phone market within 5 to 10 years.

Gene Munster Stories March 15, 2013

Samsung officially unveiled its flagship Galaxy S4 smartphone last night at a theatrical, Broadway-style presentation in New York, and analysts are quick to jump in today with opinions on what it means for Apple. AAPL is having a decent morning hitting a high of 442.50 and opinions from analysts seem to be split down the middle regarding whether the S4 has what it takes to cut into Apple’s market share.

Gene Munster of Piper Jaffray doesn’t seem too impressed with the S4 upgrade but noted Samsung’s new S Band is “a quick first pass for Samsung on wearable technology ahead of Apple’s watch. Munster added that he expects Apple to launch its smart watch product by 2014 (via Barron’s):

The Galaxy S4 appears to be largely an incremental update to the S3 including a slightly larger screen (4% larger on diagonal), better camera and processor, and updated software, but largely the same body style and casing. We believe some of the software features are unique, including the tilt to scroll, video pausing based on facial recognition, and hand gesture based interactions, but view these software improvements as minor compared with what Siri was to the iPhone 4S or even Google Now to Android.

Jefferies analyst Peter Misek thought the S4 will be “incrementally negative for Apple” but doesn’t view the S4 upgrade as “revolutionary” (via Zdnet): expand full story

Gene Munster Stories January 22, 2013

Apple analyst Gene Munster says Apple HDTV with new remote coming in 2013, again

Speaking with Bloomberg today about Apple’s upcoming earnings call, Piper Jaffray’s Apple analyst Gene Munster said his most recent checks with suppliers in Asia and industry sources indicate Apple is moving to release a full-fledged television this year with a new remote. This is of course not the first time the analyst has predicted Apple will release an HDTV—rather than an updated set-top box—in 2013…

Munster is expecting the Apple TV set to be one of three catalysts to help investors get behind Apple stock again in 2013. The other two are a Retina iPad mini in March and a low-cost iPhone later in the year. With the Apple TV information supposedly coming from supply chain sources in Asia, we’d expect Munster to have some more concrete specs instead of the same non-specific hearsay we’ve heard before. Note: Munster has predicted an Apple HDTV since 2011. Here’s what he had to say on Bloomberg (around the 9:40 mark):

The core of the debate is an improved set-top box… a hockey puck that attaches to your TV, or an actual television. Based on our work, in part, with talking to suppliers in asia, to talking with people in the industry, we think its an actual television. Specifically, the basic thing it fixes is the remote control problem… We think fixing that is going to be an important part of it. And the second piece down the road is content, content on demand. That’s essentially what apple television is. 

Gene Munster Stories November 26, 2012

Black Friday was bleak for Microsoft as Surface Tablet didn’t register a blip compared to iPad

Piper Jaffray analyst Gene Munster is out with a note today comparing foot traffic and sales per hour at Apple and Microsoft retail stores for Black Friday (via Fortune). Munster’s team apparently spent eight hours outside of the Mall of America Apple Store in Minneapolis to provide us with some good stats on how well Apple Stores did compared to the Microsoft Store at the same location. Munster found customers purchased 17.2 items per hour at the Apple Store, compared to just 3.5 products per hour at the Microsoft store. However, he also reported all but two of the Microsoft store purchases were Xbox titles.

During their eight hours at the Apple Store (and two hours at the Microsoft store), Munster’s team reported an average of 11 iPads per hour—compared to zero Microsoft Surface sales. Unfortunately, the chart above doesn’t track iPhones sales.

The positive take away was store traffic was up 31% y/y, likely driven by shoppers wanting to see the new iPad Mini. The negatives were that the most popular iPad Mini (16G) is in limited supply and Mac sales (~12% of revenue) continue to appear to be impacted by the iPad and a slowdown ahead of the new iMac.

Gene Munster Stories November 21, 2012

Report: iPhone 5 supplies significantly improving at US Apple Stores

Apple recently changed shipping times for iPhone 5 from “2-3 weeks” to two weeks for orders from its website, indicating the company is starting to iron out production delays and catch up to demand. Today, Piper Jaffray analyst Gene Munster noted checks of 100 App Stores show supplies of iPhone 5 are increasing through Apple’s retail stores, as well (via Fortune). According to Munster’s checks, iPhone 5 is currently available in 92 percent of Apple Stores for Sprint, 82 percent for AT&T, and 72 percent for Verizon:

AT&T and Verizon have shown dramatic improvements in availability, while Sprint has maintained consistent availability. Last night, our checks indicated that Sprint phones were in stock at 92% of Apple Stores, AT&T was available at 82% of stores and Verizon at 72% of stores. Additionally, we note that wait times for online phone orders dropped to two weeks as of today.

Munster said he believes “within the next two weeks that customers will be able to purchase iPhone 5s at Apple Stores same day,” which is obviously great news for Apple and consumers leading into the holidays.

Gene Munster Stories November 20, 2012

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In recent months, several reports from Bloomberg, The Wall Street Journal, and most recently Jefferies seem to indicate Apple is in talks with cable companies for a new Apple TV-related service. It depends on whom you ask as to whether that service would center on a next-generation Apple TV set-top box or mark Apple’s introduction of the much-rumored Apple HDTV. There are still a couple analysts betting on an Apple TV set in the near future. Peter Misek of Jefferies is one. Misek estimated sales of 4.9 million units in CY13, and Piper Jaffray’s Gene Munster is once again adding to the rumors today…

Munster, who has many times in the past predicted a full-fledged Apple HDTV, reported in a note to clients today that Apple will launch a TV set in time for the 2013 holiday season (via Business Insider). Not to be confused with a possible refreshed TV set-top box, Munster believes Apple will release an HDTV somewhere between 42-inches and 55-inches and priced between $1,500 and $2,000.

Perhaps more interesting than the Apple TV rumor is Munster’s claims that Apple is set to launch a new radio service in March of 2013—possibly alongside a Retina iPad mini. As for the rest of Munster’s 2013 roadmap for Apple: in June 2013, he is predicting previews of iOS 7, OS X, and new Retina MacBook Airs.

Munster’s other not-so surprising predictions from the note:

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