Apple Growth Rate: While many complain that Apple Inc. (NASDAQ:AAPL)’s iPhone and iPad have saturated the market, Morgan Stanley has released a survey showing that there is still plenty of room for growth in the United States.
Apple Inc. (NASDAQ:AAPL) Press Info
Via a recent article on CNNMoney, Katy Huberty of Morgan Stanley shared the following:
iPhone and iPad demand remain strong. C4Q US iPhone purchase intentions beat our forecast. Stable 50% iPad share also surprised us, despite our modeled drop next year.
This information is backed up by a survey of 1,000 US based consumers.
Although you can only learn so much by surveying a small sampling of consumers, here is a list of key findings from CNNMoney:
– Strong iPhone 5 demand. Survey suggested 33% growth year over year, and growing numbers of buyers favoring higher-priced models.
– iPad Mini cannibalization concerns overblown. 47% of iPad mini purchases are to new customers, only slightly lower than the 56% for the larger iPads, suggesting manageable cannibalization risk.
– Apple holding its own against Samsung. “Rising Samsung share is at the expense of other Android Smartphones and tablets as iPhone share of new purchases is also expected to rise (4 pts) over the next year.”
– Apple a clear winner during the 2012 holiday season. Tablets are the No. 1 gift idea in consumer electronics this year, edging out e-readers. Apple ranks highest among vendors at 38%, up from 34% last year.
While Huberty feels there is still room for growth of the popular smartphone and tablet in the United States, Apple Inc. (NASDAQ:AAPL) is feeling good about sales in China. During the first weekend of its release, more than 2 million iPhone 5’s were sold.
How do you feel about future growth of the iPhone and iPad? Do you agree with Huberty or do you feel that Apple Inc. (NASDAQ:AAPL)’s growth has reached its peak?
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