💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Credit Suisse trims iPhone estimates on shipping, ASP issues

Published 10/17/2017, 09:47 AM
© Reuters.  Credit Suisse trims iPhone estimates on shipping, ASP issues
CSGN
-
AAPL
-
  • Credit Suisse (SIX:CSGN) has trimmed its estimates for iPhone unit sales (AAPL -0.3%), pointing to ASP for the new models that's higher than expected and a build ramp for the highest-end phone (iPhone X) that's lower than it figured.
  • The firm trimmed its 2017 estimate for iPhones to 217M units from a previous 223M, and trimmed its 2018 forecast to 233M from 248M.
  • Correspondingly, it's changing price and earnings targets for suppliers due to those unit estimates -- notably TPK Holding (OTC:TPKCF), which saw a 10% cut to EPS estimates for 2017 and 20% for 2018.
  • On the other hand, Credit Suisse is raising Foxconn's (OTC:FXCOF) EPS targets (by 4% for 2017 and 5% for 2018) and increased its price target. It's lowered Hon Hai's (OTCPK:HNHAF) price target.
  • Source: Bloomberg
  • Previously: Analyst: iPhone X could provide "strongest iPhone product cycle" (Oct. 16 2017)


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.