MS +
Парни из Morgan Stanley Research посчитали отгрузки и заказы AAPL и прогнозируют, что выручка компании во втором и третьем кварталах окажется выше консенсуса:
…we see upside to consensus forecasts in the June and September quarter. For example, June quarter iPhone builds of 44.5M (+6% Y/Y) imply 44.3M iPhone shipments, based on the historical seasonality between iPhone builds and shipments in past June quarters. This is in-line with our 44M shipment forecast (+17% Y/Y) but slightly ahead of consensus iPhone shipments of 43.5M units. Similarly for the September quarter, 48M iPhone builds (+33% Y/Y) implies ~52M iPhone shipments, in-line with our forecast (+25% Y/Y), but 4% ahead of consensus (at 50M shipments). iPad builds of 16.8M units (+28% Y/Y) in the June quarter and 17.5M units (+11% Y/Y) in September imply shipments of 17.6M units in June and 15.7M units in September, ahead of our 16.3M (+30% Y/Y) June quarter and 15M (+7% Y/Y) September quarter shipment forecasts, which are in-line to above consensus. Taken together, we believe the stability of iPhone and iPad builds suggests a high likelihood of revenue upside vs. consensus estimates in the June and September quarter.