Get ready for a monster iPhone number in this holiday quarter, says Citi analyst Richard Gardner.
In a note this morning, Gardner writes:
“Our meetings in Taiwan suggest that Apple raised 4CQ11 iPhone orders to suppliers meaningfully just last week. The new iPhone build plan is meaningfully above the low-30’s million figure that we were hearing previously. Given such a significant order increase at this late stage in the quarter, it seems clear that Apple is headed for a meaningful upside surprise on iPhone shipments this quarter.”
For some context, Apple sold 17.1 million iPhones last quarter. And the quarter before that was 20.3 million iPhones sold.
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