The price target has also remained unchanged at $140.
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Seems like Apple is really getting desperate for sales, as this year’s iPhone 6s failed to break last year’s sales records (or come anywhere close to that).
The Credit Suisse analysts lowered their projections for calendar 2016 unit builds for the iPhone 6 to 222 million units, down from the prior estimate of 242 million units. Services and the Organization ‘s products include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, as well as a number of accessory, service and support offerings.
“Specifically, we see scope for Apple’s rapid installed base growth of iPhone to drive future upgrades beyond the next few quarters and additionally see the installment plans structurally accelerating the upgrade rates of iPhone users”, Credit Suisse said in a note, CNBC.com adds.
The iPhone 7 and iPhone 7 Plus might be arriving sooner than expected, putting an end to the dream of a smaller-sized smartphone.
However, not much sales of the devices have been witnessed in the country. According to a “reliable source” from Apple Insider, fans of the tech firm won’t have to wait for September to see Apple’s latest. This handset will sport a 4-inch screen and metal casing but without the 3D Touch display that can be found in the iPhone 6s and 6s Plus.
Ramesh Natarajan, head of sales at Redington India Ltd., Apples main distributor in India, declined to comment when asked if the revised rules will benefit Apple.
Aside from the iPhone 7 Mini, Technology News Extra reported that Kuo estimates that the new series of iPhone will supposedly arrive armored by Apple’s A10 processor.
It has been a big year for Apple.
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In the view of the investment firm, which is based in Georgetown in the Cayman islands, Apple should report Software & Services in a new segment in order to show Wall Street the growth in the segment as Apple transitions into a new phase. He thinks that with the addition of the Apple Watch, the iPad Pro, and the updated Apple TV set-top box, the company’s product portfolio is “positioned better than ever” this season. But, comes with minor adjustments to the dimensions of the new hardware.
