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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (163087)	12/19/2013 4:03:30 PM
From: Moonray	Read Replies (2) \| Respond to of 213173

Apple iPhone 5S demand hasn't fallen off since launch Apple ( AAPL) iPhone demand remains strong overall, with sales of the company's high-end iPhone 5S smartphone more than offsetting weak demand for the midrange iPhone 5C, says Susquehanna Financial Group analyst Chris Caso. The mix shift in Apple's iPhone sales to the latest model will benefit the company's top and bottom lines in the December quarter, Caso said in a research report late Wednesday. Continued strong demand for the iPhone 5S, which was released on Sept. 20, also takes the pressure off Apple to rush the iPhone 6 to market, Caso says. Caso based his assumptions on supply chain checks that indicated "a significant production shift from iPhone 5C to 5S." March quarter production also is trending ahead of expectations, as Apple builds inventory to meet iPhone 5S demand and to prepare for an expected distribution deal with China Mobile ( CHL), he said. Caso is forecasting total iPhone builds in the 53 million range for the quarter, in line with his earlier outlook. "Our checks indicate the mix has indeed shifted disproportionately to iPhone 5S, with production of 5S running nearly 4x that of 5C," he said. "Importantly, we note there wasn't a fall off in demand for iPhone 5S after the initial strength of the launch. This shift should have beneficial revenue and gross margin implications" for Apple in the December quarter. For the March quarter, Caso expects Apple to produce 43 million to 46 million iPhones, of which more than 3 million are expected to be TD-LTE phones for China Mobile. That huge carrier is near its 4G LTD rollout, as IBD has reported. Read More At: news.investors.com o~~~ O