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Despite Mounting Worries Apple (AAPL) iPhone 5 Set for Sept. Launch

Posted by The Staff on Apr 19, 2012 12:51 PM

A Jefferies' quarterly handset survey showed a sharp drop in optimism regarding smartphone sales volumes, from 74% in Dec. to 28% in March. This represents the largest sequential decline in eight years. However, despite these headwinds, analysts at Jefferies are optimistic about the strength of Apple stock (Nasdaq: AAPL) and the upcoming quarter.

The firm said the iPhone 5 is set to launch in Sept. despite potential supply issues at Qualcomm (Nasdaq: QCOM) which could delay the launch until October or reduce the number of handsets available if they go through with the Sept launch.

QCOM shares have been hit hard and are trading down 5%. Apple shares are also trading lower.

Apple reports its quarterly results on 4/24.

On the upcoming quarter, the Jefferies' analyst said, "we believe CQ1 iPhone shipments will see a less-thanseasonal drop-off due to strength at Sprint, VZ, and the addition of KDDI and CHA. We believe concerns over a CQ2 gap are overblown and builds for CQ2 are ~30M."

Apple is ranked 1st on EasyStockAlert.com's top 100. Qualcomm is not ranked at this time.

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