By Selena KomezUpdated on September 10, 2016
Apple iPhone 7 conference on Wednesday and did not give Wall Street a few surprises.
Many of the features and functionality of the phone, for example, canceled the traditional 3.5 mm headphone jack, prior to the conference it has been leaked by the media widely reported.
Apple also released a built-in GPS capabilities and a faster processor Apple Watch 2.
However, analysts believe that Apple is still a few names, for various reasons, some users may upgrade strong demand, they will not wait until next year to buy a design may be major changes iPhone 8.
Here are some analysts’ comments.
Goldman Sachs analyst Simona Jankowski: “We continue to look iPhone 7 will have a perfect product cycle because the population growth of iOS users upgrade brings a strong demand, on the other hand, depression caused by weak demand iPhone 6s will be released. ”
“We continue to maintain our Buy rating and $ 124 12-month price target …… The main risk is that the implementation of the product cycle, consumer demand, slowing the pace of innovation,” Jankowski said.
Tavis McCourt, Mike Koban and Raymond James: “Overall, this long-awaited conference has been exposed by the media snatched the aura, few surprises.”
IPhone 7 investor expectations low. The three analysts believe wireless headphones and dual cameras will attract users to buy, upgrade rate should be better than the iPhone 6s.
Citigroup analyst Jim Suva: “iPhone 7 Plus AirPod higher pricing and the launch will bring a slightly positive impact.”
Investors will AirPod as a positive factor that will allow iPhone 7 Plus is expected to achieve higher gross margins.
Investment bank Beja (Baird) analyst William Power and Charles Erlikh: “We are still slightly below Wall Street estimates, our previous poll many users will upgrade the iPhone, but also to promote its iPhone 8 has started, we recommend that long-term investment. ”
The two analysts said, Apple Watch 2 competitive with Garmin and Fitbit high-end products, although lower Fitbit Surge and Blaze series of product prices.
Macquarie analyst Ben Schachter: “Overall, we have a positive evaluation of the iPhone 7, although most are gradual improvement, but we believe it will drive a lot of iPhone users to upgrade and replacement.”
iPhone sales will remain stable, Apple’s profit growth will be mostly from APP sales.
Morgan Stanley analyst Katy Huberty: “iPhone 7 and iPhone 7 Plus battery life than the iPhone 6s and iPhone 6s Plus are two long and one hour a poll we conducted in June showed that respondents. the most satisfied with the place is the battery life, any improvement in this regard will be driven by the user to replace the new iPhone. ”
Katy Huberty and their host team also believes that the new Apple Watch and Fitbit for Garmin’s products, will be a strong competitor.
Pacific Crest analyst Andy Hargreaves and Evan Wingren: “We recommend buying Apple stock.”
“We believe that the iPhone 7 upgrade is sufficient to push iPhone sales in fiscal year 2017, at least not less than our current forecast.”
Deutsche Bank analyst Sherri Scribner: In general, we believe that the new iPhone has improved, but not part of the insurgents, replacement will not lead to orgasm. ”
“As supply chains continue to leak information about the new iPhone, Apple’s conference is difficult to really surprise us.”
Do you want to buy a new iPhone 7 or iPhone 7 Plus?
Read more:
How to sync contacts from Android to iPhone 7/7 Plus
How to transfer data from old iPhone to new iPhone
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