IPhone sales slow because of iPhone 5

IPhone sales slow because of iPhone 5

On the verge of revealing its latest financial results, Apple is also expected to announce a slowdown in iPhone sales, due to the imminent arrival of the next model, believe analysts.

AP

Apple will release financial results for its third fiscal quarter on Tuesday. A report that is expected to reveal a slowdown in iPhone sales from the previous quarter, said Andy Hargreaves, an analyst at Pacific Crest Securities. The latter said Bloomberg that Apple expects to have sold around 25.4 million iPhones compared to 35.1 million in the second quarter. Katy Huberty, an analyst at Morgan Stanley, is more optimistic and claims that Apple may have sold 31 million copies of its flagship product.

Consumers are waiting for the next iPhone

Analysts say you don't have to look far to understand this slowdown in iPhone sales, "The slowdown is mainly due to the fact that Apple will deliver a new version of its product in October", they say. A recent consumer survey by ChangeWave Research revealed that consumers expected more from the iPhone 5 than the iPhone 4S last year.

No impact on Apple’s sales

While iPhone sales are Apple’s biggest source of revenue, the slowdown in sales is not expected to have an impact on Apple’s sales. Very optimistic, analysts expect Apple to show an increase in profit of 35%, a net profit of 9.86 billion dollars for a turnover of 37.3 billion dollars (+ 31% ), based on an average of the estimates collected by Bloomberg.

The value of Apple shares (AAPL) has climbed 49% this year. Analysts estimate this result due to the fact that iPhone sales rose from 20.3 million to 17 million in the third and fourth fiscal quarters of last year (from July to September). A result which also finds its source compared to the sales which also fell by 37 million 31.5 million iPhones sold during the first two fiscal quarters, just after the boost of the turnover achieved during the Christmas holidays.

It remains to await Apple’s financial results which will be released on Tuesday.

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