苹果今天被BARCLEY CUT 了

Barclays Capital’s Jeff Kvaal this morning cut his outlook for handset sales growth this year, citing — what else! — global macroeconomic concerns.

Kvaal cut his overall handset growth expectations for this year and for next to 6% unit growth, down from 8% unit growth. For smartphones, he now sees 42% growth, down from 46%.

Although there are bright spots, such as smartphones, and some safe stocks to own, the broader handset industry is vulnerable, he avers:

We still see strong growth in certain segments, namely smartphones and tablets, and for certain vendors, namely Apple and Samsung, but the market is not escaping the current macroeconomic weakness. Our recent checks across the vendor landscape have been incrementally negative as slower end demand due to macroeconomic concerns and vendor inventory de-stocking suggest near-term market softness. We consider that our previous smartphone market forecast of 407m units for 2Q may be 10-15m units too high and, therefore, we lower our near-term forecasts. We also trim our estimates for Qualcomm modestly given the weakness and discuss further below.

Kvaal cites anecdotal data points, including Nokia‘s (NOK) recent profit warning, and cautious discussion of Apple‘s (AAPL) iPhone outlook for this quarter and next, ahead of the next model.

Kvaal has one of the more dire estimates for Research in Motion‘s (RIMM) likely BlackBerry sales in the fiscal Q1 that ended last month, projecting just 6 million units, below the 9.9 million that Goldman Sach’s Simona Jankowski is projecting, but slightly above the 5.8 million units that Morgan Stanley’s Ehud Gelblum projected.

所有跟帖： 

• Aapl may soon be the last man -hello-u- ♀ (107 bytes) () 06/26/2012 postreply 08:29:30

• Aapl has hardly ever disappointed -hello-u- ♀ (265 bytes) () 06/26/2012 postreply 08:38:34

• 顶班长！ -yiyimei- ♀ (0 bytes) () 06/26/2012 postreply 08:44:48

• if thats the case -rooky- ♂ (36 bytes) () 06/26/2012 postreply 08:58:33