Another Data Point Shows Apple (AAPL) May Miss iPhone Targets in Q2
7:45 am ET 04/24/2012 - Street Insider
Another data point is suggesting it could be a weaker-than-expected quarter for Apple (Nasdaq: AAPL) iPhone sales.
Tuesday morning, AT&T (NYSE: T) said it activated 4.3 million iPhones in the first quarter. This is down down from 7.6 million activated in the fourth quarter.
In Q4, AT&T's percentage of Apple's total iPhone unit sales of 37 million was 20.5 percent.
If AT&T's percent of iPhone sales remains stable from Q4 then this could suggest Apple will sell just 21 million iPhones during the past quarter (Q2).
While it is highly unlikely that AT&T will garner the same percentage of iPhone sales that it did in Q4, this figure is alarming considering the Street consensus is 30.5 million.
This also follows data from Verizon (NYSE: VZ), also showing the potential for lower-than-expected iPhone sales. |
