Apple (AAPL) has lined up production of the long-awaited CDMA iPhone to begin early in the December quarter, according to Susquehanna Financial analyst Jeff Fidicaro. If he’s right, production could begin as soon as the next few weeks.
The analyst, who attributes the information to checks with the company’s supply chain, says production of the new phone is estimated at 3 million units for the December quarter, with total production of 20 million to 21 million units for iPhones overall. That’s up about 5% from expectations a month ago, he writes.
Meanwhile, Fidicaro also says iPhone production for the September quarter is now expected to be 18.2 million to 18.4 million, up from 18 million, and “well above investor expectations,” as supply constraints from supplier LG Display “appear to be resolved.”
Fidicaro maintains his Positive rating and $365 target on the stock.
AAPL is up $3.58, or 1.3%, to $287.35, yet another all-time peak.
For the month to date, AAPL shares have gained more than 18%.
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