The latest numbers from Canaccord Genuity reveal that Apple accounted for 93% of Mobile Profits during the fourth quarter, leading the financial services company to raise its price target on Apple shares from $135 to $145. The firm also predicted that iPhone adoption could grow to 650 million users through 2018 as more smartphone owners upgrade to the iPhone 6 and iPhone 6 Plus.
Barron's shares Canaccord Genuity analyst Mike Walkley's **te to investors:
We believe the strong iPhone 6 replacement sales should continue during C?15, as we estimate only 15% of the current estimated 404M iPhone installed base has upgraded to the new devices. We also anticipate continued strong Share gains for the larger screen iPhones from high-tier Android smartphones during C?15 driving strong growth in the iPhone installed base and model the iPhone installed base growing to 487M subscribers exiting C?15 up 20% Y/Y.
Apple and Samsung combined to capture all Profits in the Mobile industry during the fourth quarter, as competitors including Microsoft, BlackBerry, HTC, Sony, LG and Le**vo either broke even or faced a loss in operating income during the three-month period. Apple captured 79% of Mobile Profits for the entirety of 2014, with a margin of 37% on operating income of $44.6 billion.
02-09-2015, 07:21 PM
Apple's Share of Mobile Phone Profits Rises to 93% on iPhone 6 Launch [iOS Blog]
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