iPhone and iPad Sales: Moskowitz Talks About Apple iPhone and iPad Sales

“While the iPad number could be soft, Moskowitz, like other analysts, dismissed recent concerns that iPhone demand could be waning. That sentiment, which pushed Apple’s stock below $500 this week, was driven by an article from The Wall Street Journal that alleged iPhone component orders were drastically reduced in response to weakened demand.”

“Earlier this week, Moskowitz dismissed that and other reports as just “noise” that would fuel an investor overreaction. On Thursday he stood by that sentiment, and reiterated his belief that any order cuts could mean that iPhone 5 manufacturing yields are improving.” “Moskowitz has forecast sales of 47.9 million iPhones in the December quarter.”

Moskowitz also feels that gross margins could recover faster than others expect, which could have a positive impact for Apple Inc. (NASDAQ:AAPL) stock moving forward:

“In our view, many investors have been locking in gains on Apple and reducing the relative weighting of the stock in their funds because it was difficult to defend a stock where gross margin declines were expected in the coming year.”

J.P. Morgan has reduced its 12-month price target to $725.

What are your thoughts on this information from Moskowitz?

Check back here for more updates on iPhone and iPad Sales.

DISCLOSURE: I have no positions in any stock mentioned.

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