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Kate Middleton coloring hobby revealed by Prince William
Kate Middleton reportedly delighted about Prince Harry’s relationship with Meghan Markle
Kate Middleton comforts mother of autistic teen at Place2Be charity event
Kate Middleton reveals Prince George loves dinosaurs and Princess Charlotte is ‘chatty’
Kate Middleton is ‘an amazing mother and a fantastic wife,’ Prince William says

iPhone 5 sales lower than iPhone 4S?

by Nicole
December 14, 2012 at 7:12 pm

iPhone 5 forecast isn’t very positive, according to BGR.

Credit: Apple

The site reports that on Thursday, UBS analyst Steve Milunovich reduced his estimates for Apple’s fiscal 2013 and fiscal 2014 years.

The analyst believes Apple shares will drop from $780 to $700.

iPhone sales estimates were trimmed by 5 million units for this fiscal year, while iPad sales estimates were reduced by 2 million units.

But Millunovich doesn’t seem very optimistic about Apple’s new iPhone.

“Some of our Chinese sources do not expect the iPhone 5 to do as well as the iPhone 4S,” he wrote.

The UBS analyst expects iPhone production to drop to 25 million units in Q1 of 2013.

Millunovich lowered his estimates regarding Apple earning to $47 per share in fiscal 2013, a drop from his previous estimate of $51.50.

Source: BGR

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