Most investors are expecting a record quarter for Apple, and three new surveys out today are adding to the evidence. Taken together with exciting recent rumors, like the one that Apple might open stores within Target stores, it’s not surprising to see analysts falling over themselves to upgrade their estimates ahead of Apple’s Q1 earnings call on January 24th.
First off, NPD Group says that iOS devices made up 43% of US sales in October and November versus 26% in the previous quarter. Android sales, meanwhile, fell from 60% to 47% over the same period.
A key reason for the latest iOS sales is that Apple began selling the new iPhone 4S and reduced costs for older models in the last three months of 2011. Many analysts had been expecting higher sales over the last part of the summer, and were taken off-guard by Apple’s decision to push the launch to later in the year. As the TechCrunch Apple Group noted over the weekend, if you sold your Apple stock after the company missed earnings estimates in October, you were, in fact, an idiot.
ChangeWave Research rounds out the bullish surveys by saying that 54% of the people in its study were planning on buying an iPhone within the next three months, down from a high of 65% in September (which had been driven in part by strong interest in the 4s release). However, the group also indicated that Samsung had been making big gains with its Android phones, with 13% of those polled expecting to buy from the manufacturing conglomerate in December versus 5% in the September survey.
Apple is currently trading at $423.5 a share, up from a recent low of $363 after Thanksgiving.
[Top image via Heather Cherry.]
Started by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple has expanded from computers to consumer electronics over the last 30 years, officially changing their name from Apple Computer, Inc. to Apple, Inc. in January 2007. Among the key offerings from Apple’s product line are: Pro line laptops (MacBook Pro) and desktops (Mac Pro), consumer line laptops (MacBook Air) and desktops (iMac), servers (Xserve), Apple TV, the Mac OS X and Mac OS X Server operating systems, the iPod, the...