Brian Blair of Rosenblatt Securities revealed during an interview with CNBC that Apple Inc. (NASDAQ:AAPL) is eying to produce in between 90-100 million units solely of 4.7″ iPhone 6 during the second half of the year.
Blair said, “Apple is incredibly bullish on this and one of the big things is its larger screen. This larger screen is going to see an incredible demand, and not just in China, but throughout Greater Asia and other pockets of the world, where large screen has been very successful, and Samsung has shown us that.”
Blair shrugged off concerns relating to the production delay as he believes that normal glitches in production are common whenever there is a change in hardware design. Altogether, Blair does not think that the production has actually delayed and finds Apple Inc. (NASDAQ:AAPL) right on its schedule. At the same time, Blair said that Apple Inc. (NASDAQ:AAPL) has fair enough time in its hands to fine tune its production pace and to overcome problems that might have taken place, but mainly expects Apple to deliver iPhone 6 this year itself. As KGI Securities had issued a report indicating that the larger screen based models of iPhone 6 might arrive till the start of the next year. Blair said that if the deliveries stretch out beyond December then the earnings forecasts, which have largely baked in sales of iPhone 6, might need to be revised down.
Meanwhile, the ‘Fast Money’ traders on CNBC are overall bullish on Apple Inc. (NASDAQ:AAPL), ahead of its third quarterly reports due to be published next Tuesday. While they see that the inflection has already started in Apple, but considers the upcoming quarterly results as an important event to prompt a rally in the stock. If Apple Inc. (NASDAQ:AAPL) can post a solid quarter, then the stock might test $100 level, which eventually could be its support.