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Posts Tagged ‘Gene Munster’

route-apps-20090608gene_munster_01Piper Jaffray Analyst Gene Munster appeared on CNBC’s Fast Money program today (July 7). See video below. Discussion of Apple (AAPL) begins about halfway through the video. According to Piper Jaffray’s channel checks iPhones and Macs are selling well and should have a favorable impact on Apple’s (AAPL) earnings. As Munster puts it: “There’s no question that now is a good time to own Apple (AAPL) … June is going to be good, but September and December are going to be huge for these guys (Apple) … iPhone apps are like a boa constrictor, these apps on the iPhone are slowly squeezing the life out of the competition … This is going to be a strong back-half of the year for Apple (AAPL).”

macbook-promo-image20090608Munster suggested that Apple’s recent decision to cut Macbook prices was a smart business move. He noted that inventories are low and believes that Apple sold at least 2.2 million Macbooks during the third quarter. According to Munster: “We track product lead-times and our records show that Apple has never had a 7-10 day delay on its most popular 13″ model, with the most recent significant delay being 5-7 days over 2 years ago in 9/08.” …”We see this as a sign that demand is outpacing the company’s build expectations, and it may take several weeks to reach a supply demand equilibrium.” Vodpod videos no longer available.

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NOTE: This video interview was released on Friday, June 19 … On Sunday, June 21, there were still reports of lines at Apple stores to buy the new iPhone 3G S. Launch weekend sales of iPhone 3G S are off to a very strong start and Gene Munster’s initial guesstimate (500K sales projection for the 1st weekend) may be too conservative.

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China Unicom began commercial trials of its WCDMA 3G network in 55 Chinese cities on May 17. By year-end China Unicom plans to expand 3G coverage to 284 cities. Read more details on the China Unicom launch via JLM Pacific Epoch (<link)

iphone-china-unicom-11Many had surmised that an “official” iPhone China could be announced on May 17 (World Telecom Day and China Unicom’s 3G launch), but iPhone was not on the day’s agenda and China Unicom executives had no details to share over the much rumored iPhone distribution deal. While this was disappointing to some, iPhonAsia is confident that an official iPhone in China deal announcement will be forthcoming in a matter of weeks.

Now that May 17 has been crossed off the “dates to watch” list, the calendar watch turns to:

  • Monday, June 8 – WWDC Keynote, a logical venue for iPhone hardware unveilings and the “China deal” announcement.
  • munster_gene.standardLate June or early July – Piper Jaffray’s analyst Gene Munster suggested timeframe for new iPhone hardware unveiling. Munster speculates that Apple may host a special event to showcase the new iPhone 3.0. This might also be the right moment to announce the iPhone in China deal. If Munster’s timeline is correct, then Steve Jobs might very well be on stage to greet some special guests from China. 

For readers looking for a succinct overview, Philip Elmer De-Witt has a good summary of the impending iPhone in China deal on Apple 2.0. For more in depth background, read > Apple’s iPhone in China Negotiations.

One other item to note… iPhone Asia continues to read reports in the press that claim Apple has declared that iPhone won’t arrive officially in China until 2010. These reports are simply wrong and reflect lazy journalism. Read the facts > HERE

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Silicon Alley Insider has a post today quoting Piper Jaffray analyst Gene Munster on Apple (AAPL):

Key takeaways:

  • No new iPhone unveiled at WWDC (but iPhones [plural] to be unveiled soon thereafter)
  • No surprise Steve appearance at WWDC
  • Multiple iPhone models (high end and a lower cost model)
  • Official iPhone in China as soon as the end of summer ’09
  • Steve Jobs may return to Apple in a Chairman’s role with Tim Cook as CEO

iPhonAsia comment: Most Apple watchers are expecting a new iPhone unveiling at the June 8 WWDC Keynote. Munster may raise a few eyebrows with his prediction that Apple will hold off on the new iPhone(s) “show and tell” for a few more weeks. But this should not be too much of a surprise as Apple has made it clear that they are moving away from important product unveilings at major conferences (e.g. MacWorld & WWDC) in favor of more focused “special events.”  These events are more secure (no rehearsal peek-a-boos from outsiders and media) and choreographed and can be held at Apple’s Cupertino headquarters or at the Mascone Conference Center.

Gene Munster quotes from today’s Piper Jaffray research note:

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PJ - Gene Munster

WWDC Keynote Will Be Delivered By Phil Schiller; Jobs Likely Absent. Earlier today (5/13) Apple announced that Phil Schiller, not Steve  Jobs, will deliver the keynote for the WWDC event on 6/8. This is consistent with our expectations as well as Apple’s indications that Steve Jobs is still planning on returning to the company “at the end of June” (emphasis added). In order for Jobs to deliver the keynote on 6/8, he would likely begin preparations well before his intended return date.

What We Expect To See (And Not See) At WWDC; No New iPhones. As indicated in today’s press release, we believe Apple will focus on the new version of Mac OS X, Snow Leopard at WWDC. While some investors may be expecting Apple to launch redesigned iPhones at WWDC, we do not anticipate the launch in early June. Rather, we expect Apple to host a special event in late June or early July to launch a family of iPhones. 

We continue to expect multiple models, possibly a high-end iPhone with improved specs from the current version and a low-end version with lower capacity and fewer features along with a reduced pricing plan. Such a model could also be used in Apple’s launch of the iPhone into China as soon as the end of summer ’09.

Our Take On Steve Jobs’ Return To Apple. Apple continues to expect the return of Steve Jobs by the end of June (likely implying after WWDC). Until then, it appears that day-to-day operations at Apple are running smoothly. We believe Jobs may return to Apple with a reduced role, possibly as chairman, with COO Tim Cook assuming the CEO position. Regardless, we think the transition of leadership during and after Jobs’ leave of absence will not negatively impact Apple’s business.

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CNBC tech analyst Jim Goldman discusses Apple’s (AAPL) earnings, price target, product pipeline and iPhone with Piper Jaffray analyst Gene Munster. iPhone in China is mentioned.

Vodpod videos no longer available.

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Munster Talks Apple (AAPL) on Fast Money

Piper Jaffray analyst Gene Munster appeared on Fast Money today to talk tech (Yahoo, Google, Apple). Patience required … you’ll have to wait until the final third of video for Gene Munster’s appearance. Munster revealed that Steve Jobs was in attendance at the recent Disney Board Meeting and that he will likely return to Apple in June, but he may take on a different role and allow Tim Cook and Apple’s senior management team to run day-to-day operations. Munster says AAPL should be interesting (bullish) during the summer months when new model iPhone(s) are introduced. And oh by the way … we might see new iPhones in China too

Watch > VIDEO HERE

 

Jeff Macke and Gene Munster

Jeff Macke and Gene Munster

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Piper Jaffray’s Senior Research Analyst Gene Munster was a guest on CNBC’s Fast Money … The topic of course was Apple’s (AAPL’s) stock performance and new product pipeline. Munster talked about the new shuffle, Mac sales, a next gen iPhone and a rumored tablet device. Watch video > HERE

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apple_tablet1_desinformado

Tablet Concept courtesy desinformado

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