Apple Inc (AAPL)’s iPhone 6 Might Touch 70 Million Mark in CQ4, BlueFin Reiterates Positive View on The Company

Apple (AAPL)

In one of the latest analyst releases about Apple Inc (NASDAQ:AAPL), John Donovan and Steve Mullane, BlueFin Research Partners, said that the sales of iPhone 6 are much better than the expectations and increase in supplier inquiries are reflecting an expected high-growth in iPhone 6 demands.

It is expected that the demand of Apple Inc (NASDAQ:AAPL)’s iPhone is likely to surpass forecasts in not only CQ3 and CQ4 but also during the first half of fiscal year 2015. Analysts from BlueFine Research Partners said,

“As we have mentioned in our last several AAPL Updates, the demand and build schedules for the iPhone 6/6 Plus were topping 70 million for CQ4 and the adjustments we are tracking would put this number now as much as 10-12% higher at near 80 million.”

In addition to the iPhone sale figures, analysts are expecting nearly 1 million sales of Apple Watch during the March quarter and as per their expectations, the sales for Apple Watch are likely to touch up to 10 million units in fiscal 2015. The authors have even mentioned that a higher demand has put up more pressure on A8 chip-maker Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) to accelerate its production.

Apple (AAPL)

They said, “It is clear that the stronger than expected demand for the iPhone 6/6Plus launch has forced TSM to accelerate their production ramp target up 6-8 weeks earlier than initially planned. TSM was planning to reach capacity (70K wpm) for the A8 (20nm) production by mid-Q4, but the strong demand has forced them to increase wafer starts to the maximum levels.”

Further, an increase in the demand of iPhone 6 Plus is good for improving gross profit margins for Apple Inc (NASDAQ:AAPL) considering its $100 higher price. As of now, Apple Inc (NASDAQ:AAPL) is having iPhone 6 availability issues in its high-demand markets.

This article has been written by Prakash Pandey.

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