Pomme just doesn't have the same ring to it.
Canaccord Genuity Tech Analyst T. Michael Walkley's November channel checks indicated Apple's iPhone sales remained strong in the U.S., particularly at AT&T (T) and Sprint (S). Further, Walkley's checks indicated strong global share gains. With the iPhone 4S launching in new markets including China, Brazil, and Russia during December, Walkley anticipates strong December quarter iPhone sales and increased his estimate from 29.0 to 30.5 million units.
Walkley's checks also indicated the iPad 2 remains by far the best-selling tablet versus very modest sales of competing products such as Research In Motion's (RIMM) PlayBook, LG G-Slate and the Motorola (MMI) XOOM. Further, Walkley's November checks indicated the iPad 2 maintained its leading tablet share despite the highly publicized launch of the Samsung Galaxy Tab 10.1 LTE tablet at Verizon Wireless (VZ).
However, with Walkley's expectations for a new iPad launch during the March quarter leading to potentially lower inventory levels combined with increased competition from Amazon's (AMZN) $200 Kindle Fire, Walkley has slightly lowered his December quarter iPad estimates from 14 to 13 million units. Walkley believes the iPad will continue to dominate both market share and value share of the growing tablet market.
Apple (AAPL : NASDAQ : US$391.43), Net Change: -1.58, % Change: -0.40%, Volume: 9,206,145
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