Market Overview

Apple Momentum Will Continue; BlueFin Raises New Model Estimates

Share:
Apple Momentum Will Continue; BlueFin Raises New Model Estimates

“Our most recent Apple Inc. (NASDAQ: AAPL) supply chain update over the first full weekend in March indicates no changes to the 50M March quarter build forecast,” said BlueFin’s John Donovan, in a note.

Preparing For iPhone 8/X

The analyst mentioned that the supply chain preparing itself for the anticipated super cycle, as well as the “complexities of the iPhone 8/X.”

Donovan stated that “builds have been pulled in as much as 60 days earlier than in the past and are increasing modestly at each and every update.”

However, the analyst also pointed out that mix changes have continued ahead of historic trends for Apple, especially in the June quarter, with the current checks suggesting an additional 33 percent increase in next generation iPhone builds in the June quarter, from 9 million to 12 million, following the 300 percent increase in iPhone 8/X builds in February.

Initial checks also suggest that iPHone8/X would constitute 57–59 percent of the mix, giving a healthy boost to the ASPs (average selling prices).

Related Link: Apple Could Rise 20% Over The Next Year

Long-Term Positive

In addition, with the most recent expectations for Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE: TSM) A11 processor production indicating ramping in April, ahead of the A10 ramp in 2016, Donovan pointed out that the supply base was “getting very aggressive future projections as much as 8–10 percent higher in 2018 and 2019.”

The analyst also noted that near-term concerns had abated to a large extent, while expressing a positive stance on Apple’s long-term prospects, with “potential for sustained growth over the next several years.”

Latest Ratings for AAPL

DateFirmActionFromTo
Feb 2020Canaccord GenuityMaintainsBuy
Feb 2020BarclaysMaintainsEqual-Weight
Jan 2020B of A SecuritiesUpgradesHoldBuy

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Bluefin John DonovanAnalyst Color News Analyst Ratings Tech Best of Benzinga

 

Related Articles (AAPL + TSM)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
SNPSCFRAMaintains160.0
GRPNMorgan StanleyMaintains1.5
PPCCFRADowngrades30.0
HMSYCantor FitzgeraldReiterates33.0
FSLRCascendMaintains60.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com