Apple Preview (AAPL)
The Market Ticker ® - Commentary on The Capital Markets
Posted 2012-04-24 09:04
by Karl Denninger
in Company Specific
Apple Preview (AAPL)
 

Here it comes......

Verizon reported activations down some 30% from last quarter for iPhones.  AT&T was just out with 4.3 million iPhones -- but last quarter they sold 7.6 million, a decline of 43% from last quarter!

Yes, AT&T's results were pretty good in terms of earnings.  But when it comes to Apple the problem is the activation and sell-through numbers -- they're collapsing.

That's called market saturation and it was inevitable.  Even with the "4S" the spurt was short-lived and now it appears the fanboi game has run its course.  Worse is that it appears that only 21% of AT&T's activations were new customers.

Apple is due to report this afternoon and if you can find the math that supports the expected numbers on iPhone sales given the reports from the two carriers in front of their numbers I wish you luck.  Apple is "expected" to sell ~35 million iPhones this last quarter.

Well, we have 7.4 million between the two largest US carriers reported thus far.

Where did the other 27.6 million sales come from?

It's called subtraction folks.....

Disclosure: Lightly short and debating whether to remain so through the bell.

View with responses (registration required to post)
 
Main Navigation
Full-Text Search & Archives
Archive Access
Get Adobe Flash player





Blogtalk 3:30 CT Mondays
Items To Look At


Discuss The Capital Markets along with daily technical analysis with our Gold Donor program.

Where We Are, Where We're Heading (2013) - The annual 2013 Ticker

Links and Blogroll
Our policy on reciprocal links: Send us an email with your information and why you think your blog or news site would make a good addition - in most cases reciprocal link requests will be granted.
Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Looking for "The Best of Market Ticker"? Check out Ticker Classics.

Visit the forum to discuss this and other investing-related topics; see the FAQ on the forum for information about Gold Donor status including access to our technical analysis video server.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be reproduced or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media or for commercial use.

Submissions may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.

Leads on stories of current economic and political interest are always welcome. Our fax tip line is 850-897-9364; please include contact information with your transmission.