Piper Sandler has raised its forecast for the December quarter of the iPhone 12, according to foreign media reports, as the company believes that a large number of carrier promotions will boost market demand for the new phone. Before that, Piper Sandler’s team also left a positive signal to the outside world at the apple Conference on October 13. Prior to the launch, only 10% of respondents planned to buy a new iPhone 12 by 2020, according to a survey conducted by the bank. In a letter to investors, harp Kumar, chief analyst at Piper Sandler, pointed out that the launch of the iPhone 12 was “the operator’s subscription battlefield.”. Large scale promotions may boost demand, which Kumar said is “in sharp contrast to our findings, which show that demand is a little weak.” < / P > < p > the analyst pointed out that operators are very aggressive in subsidies, almost to the point of giving away mobile phones for free at the lowest cost.. In Kumar’s view, this explains the conflict with current demand trends and a survey conducted by analysts in early October. < / P > < p > the investment bank also communicated with carrier stores and learned that the number of incoming calls and non booking calls has increased since the release of iPhone 12 and iPhone 12 pro. Piper Sandler’s source said the iPhone was much more active than other recent iPhone releases, and the analyst believes the momentum will continue to be strong. < / P > < p > Kumar raised the bank’s forecast for iPhone sales in the fourth quarter by about 8 million units due to better than expected demand trends. Piper Sandler now expects 73 million units to be shipped in the quarter, up from 65 million units previously estimated. < / P > < p > this will add $7 billion to iPhone revenue this quarter. With that in mind, Kumar now forecasts iPhone revenue of $62.8 billion for the quarter, higher than Wall Street’s $59.9 billion forecast. In addition, Kumar noted that Apple’s iPad and MAC segments continued to benefit from telecommuting and education trends, which remained dominant in the third quarter of the new crown’s popularity. < / P > < p > it is reported that the bank will maintain its 12-month stock price target of US $130, the P / E ratio is about 31-27 times, and the earnings per share is expected to be $4.13. The report shows that the number of app store purchases soared in the first half of this year due to the impact of covid-19

By ibmwl