In contrast to Apple, Canaccord Genuity analyst Michael Walkley predicted that Amazon will sell 10.7 million tablets during 2013 and Samsung is projected to sell 8.4 million tablets.
In reaction to news of the new Apple tablets Canaccord Genuity raised its target on the stock to US$800 from US$797, while many other analysts cut their targets.
For the three months of the December quarter, Canaccord Genuity forecasts iPad sales of 9.25 million.
Walkley said: “With the impressive refresh of the 4th generation Retina iPad and launch of the iPad Mini earlier this week, we anticipate very strong holiday quarter iPad sales. In fact, with Apple’s decisions to price the iPad Mini at a $170 discount to similar 4th generation iPad SKUs and competitively priced versus lower priced competing products from Google and other Android OEMs, we anticipate strong sales of the iPad mini, especially as gifts during the holiday quarter. Further, we believe the iPad Mini significantly expands Apple’s tablet addressable market internationally and should lead to strong sales throughout F2013 as international distribution increases.”
Predicted iPhone sales for 2013
With regard to the iPhone sales of 193.9 million in 2013, Walkley predicted that Samsung would sell 303.6 million expected handsets. He notes that Apple’s 59% of operating profits and Samsung’s 47%, will combine to take 106% of all smartphone profits, however reports Forbes.
As noted by Fortune, Michael Walkley was ranked number 1 among the analysts who predicted revenue and EPS for Apple’s just gone financial quarter. Walkley’s estimate for Apple’s bottom line (US$9.67) was right on the money and whose forecast for iPhone unit sales (26.92 million) was pretty darn close (actual sales: 26.91 million), writes Fortune.