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New Apple Leak Reveals iPhone 12 Release Shock – Forbes

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Apple’s iPhone 12 launch event is now just days away and, while recent leaks have revealed both good news and bad, we now know why you should be very excited indeed. 

In a new research note seen by AppleInsider, multinational investment bank Morgan Stanley has revealed that the iPhone 12 series launch will be the “most significant iPhone event in years,” with sales skyrocketing 22% next year to 220 million units. And price is going to be a huge factor. 

Firming up an eye-opening price leak earlier this week, Morgan Stanley throws its considerable weight behind the same breakdown, which means Apple will become the only phone maker in the world to sell its first 5G smartphones for the same or less than their 4G-only predecessors. 

Morgan Stanley highlights the all-new iPhone 12 mini starting from $649 ($50 less than the entry-level iPhone 11 last year), and the top of the range 512GB iPhone 12 Pro Max selling for $1399 ($50 less than the 512GB iPhone 11 Pro Max). Here is the full breakdown of prices:

  • iPhone 12 mini (5.4-inch) – 64GB ($649), 128GB ($699), 256GB ($799)
  • iPhone 12 (6.1-inch) – 64GB ($749), 128GB ($799), 256GB ($899)
  • iPhone 12 Pro (6.1-inch) – 128GB ($999), 256GB ($1099), 512GB ($1299)
  • iPhone 12 Pro Max (6.7-inch) – 128GB ($1099), 256GB ($1199), 512GB ($1399)

The only exception here is the iPhone 12, which will cost $50 more than the iPhone 11 at each price point. But this pales in comparison to the $200+ increases seen on many rival 5G smartphones. Most notably, Samsung’s flagship Galaxy S20 Ultra which starts from $1399. And in this year like no other, winning the battle on price is going to be crucial. 

So how is Apple, famed for its premium pricing, doing this? By a series of cuts you may or may not accept. The most controversial is downgraded battery capacities to save on hardware costs, which has killed off their (heavily tested) 120Hz ProMotion displays due to battery drain. In addition to this, EarPods and even the wall charger have been removed from the box and an angular new design cannot hide the return, for a fourth generation, of a large notch in the display.

On the flipside, the range’s new Apple’s A14 chipset is shaping up to be a performance and efficiency game-changer matched only by the Pro models’ new camera smarts. So is Apple going to get this mix of cuts and innovations right? All will be revealed very soon

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Our Apple iPhone 12 video review is up – GSMArena.com news – GSMArena.com

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Apple finally launched the iPhone 12 lineup and for the first time, there are four smartphones – mini, vanilla, Pro, and Pro Max. The iPhone 12 was expected to be the bestseller of the four by delivering the most versatile size at a more affordable price tag.

Having already completed our written review, we are now ready to show you the video version. It’s over 10 minutes long, so take a comfortable seat and see what Will has to say about the Apple iPhone 12.

[embedded content]

There are plenty of things to get enthusiastic about but Apple also managed to disappoint some of its hardcore fans. While the iPhone 12 looks lovely and the Blue paint job is a head-turner, the panel still fails to impress – other manufacturers are going beyond the 120Hz refresh rate threshold while this one is stuck at 60Hz.

The new device does have the fastest chipset and 5G connectivity but the battery life is shorter than the predecessor iPhone 11 even if you stick to LTE networks only. In today’s world and with having an OLED screen, one would expect Apple to offer an alternative to FaceID (since it doesn’t work with a mask on) but alas there’s no TouchID.

Then again, the iPhone 12 is the fastest and most durable iPhone up to date, so it’s not like it doesn’t have a lot going for it.

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Jittery Investors Sell Apple Stock, but Bulls Advise Buying Ahead of Supercycle – Barron's

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It was a down quarter for iPhone sales, but Apple had substantial growth in almost every other category.


Mladen Antonov/AFP via Getty Images


Apple

shares are taking it on the chin Friday one day after the company reported a strong September quarter, but one which triggered just enough questions to give investors pause after the stock’s big 2020 run.

For the quarter, Apple (ticker: AAPL) reported revenue of $64.7 billion, up about 1% from a year ago and slightly ahead of the Wall Street consensus of $64.2 billion. Profits were 73 cents a share, two pennies ahead of consensus.

It was a down quarter for iPhone sales, as demand slowed ahead of the iPhone 12 launch, but Apple had substantial growth in almost every other category. Mac sales were $9 billion, up 29%. iPad sales were $6.8 billion, up 46%. Wearables increased 20.8%, to $7.9 billion. Services revenue was $14.5 billion, up 16.3%.

There are multiple factors weighing on the stock. For one, the 21% drop in iPhone sales, while not a big surprise, was a little worse than some analysts had modeled. Two, the 29% drop in Greater China sales was a little shocking and a reflection of the company’s lagging position in 5G phones in a key market. And three, Apple declined to give guidance for the third straight quarter, which really shouldn’t have surprised anyone but seemed to rattle some investors.

On the post-announcement call with investors, the company responded to all of those concerns. Without providing detail, it said iPhone 12 sales are off to a strong start—but it just started shipping the iPhone 12 and iPhone 12 Pro, and won’t even start taking orders on the low-end iPhone 12 Mini or high end iPhone 12 Pro Max until next week.

On China, the company said it was hurt more there than other markets by the lack of 5G phones in the quarter, but a rebound is expected in the December quarter, and early demand for the new phones is promising.

As for guidance, Apple didn’t provide detail, but did say that iPhone sales would be up year over year in the holiday quarter despite only a partial quarter of iPhone 12 sales—and it expects double-digit growth in services and in all non-iPhone hardware categories in the quarter.

Citigroup’s Jim Suva adds two other logs onto the worry pile—a modest decline in gross margin and worries about potential regulatory oversight. On the guidance issue, he writes that he was “a bit surprised” that Apple didn’t give an outlook. On China, he writes that “China has a more advanced 5G network compared to many countries and simply put consumers want a 5G phone rather than a 4G phone.” On margins, he says the issue is mostly one of mix, with Macs and iPads carrying lower margins than iPhones and services. (It was a spectacular quarter for both Macs and iPads, remember.) And as for regulation, he sees headline risk, but no risk to fundamentals for at least the next 12 months.

Bottom line: He keeps his Buy rating and $125 target price.

Bernstein analyst Toni Sacconaghi, who keeps a Market Perform rating on Apple shares, writes that the quarter was “solid, but not spectacular.” He finds it noteworthy that Apple didn’t provide explicit guidance. “The upshot is that we doubt that consensus EPS forecasts are likely to change materially, which we view as a likely disappointment given high investor expectations,” he writes.

Sacconaghi agrees that the key from here is iPhone 12 demand. “So how do we interpret Apple’s Q1 guidance/commentary, and what does it say about the iPhone 5 cycle?” he asks. “Unfortunately, it is likely too early to tell—and Apple itself legitimately does not appear to know, given very limited selling days and the unique timing of the iPhone launch. But the punchline is simple: iPhone revenues have to grow double digits year-over-year in fiscal Q1, or March needs to be dramatically stronger than seasonal for this cycle to have a shot of being the super cycle buyside investors appear to be anticipating.”


Morgan Stanley’s

Katy Huberty came away from the call more bullish than ever. “All signs point to a supercycle,” she writes in a research note, repeating her Overweight rating and $136 price target. “We continue to see upside to fiscal 2021 estimates after Apple grew revenue double-digits across all products including iPhone after normalizing for [the iPhone] product cycle. iPhone growth will accelerate further on extended replacement cycles, more new [models] and aggressive subsidies.”

Huberty adds that her “confidence in Apple’s ability to retain existing users, attract new users and accelerate growth and profitability has never been higher as Apple enters fiscal 2021 with its strongest product and services portfolio in years and several tailwinds at its back, including the growing proliferation of 5G technology; work, learn and play from home demand; and rising adoption and monetization of digital services.”

Wedbush analyst Dan Ives likewise is undeterred in his bullish view. “Last night…the Street and the overall market was hoping for blow out results from FAANG tech stalwarts with Apple and

Amazon

leading the way and ultimately came away disappointed with tech stocks selling off this morning on the news,” he writes. “Taking a step back, we believe Apple is on the cusp of its largest iPhone product cycle since iPhone 6 in 2014 and we would be buyers on any weakness.” He keeps his Outperform rating and $150 target.

Apple was off 4.9%, at $109.70, in recent trading. The

S&P 500

was down 1.3%.

Write to Eric J. Savitz at eric.savitz@barrons.com

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Samsung regains top smartphone vendor spot as Xiaomi overtakes Apple – The Verge

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Samsung is back on top as the world’s biggest smartphone vendor one quarter after losing its spot to Huawei, according to reports from IDC, Counterpoint, and Canalys. The news comes just as Samsung posted its highest quarterly revenue figures ever, which the company said was helped by a boost in demand for smartphones.

Huawei became the number one vendor for the first time three months ago, benefiting from strong sales in China while much of the rest of the world was operating under constrained retail conditions due to the COVID-19 pandemic. But Huawei’s shipments fell 7 percent quarter-on-quarter and 24 percent year-on-year, according to Counterpoint, while Samsung’s shipments increased by 47 percent over the last quarter.

Xiaomi was able to regain the number three spot for the first time in several years, overtaking Apple for the first time with year-on-year growth of 46 percent. Apple’s shipments fell 7 percent year-on-year in the July-September quarter, no doubt affected by the fact that its new iPhones this year slipped until October and November release dates.

The fifth, sixth, and seventh spots go to BBK brands Oppo, Vivo, and Realme. Counterpoint has Oppo at number five, while IDC and Canalys give that spot to Vivo, but all three firms agree the numbers are close. If the three independent brands’ third-quarter shipments were combined, they would be closer to Samsung in first place than Huawei in second place.

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