Does Apple Need Help Selling iPhones?

Does Apple Need Help Selling iPhones?
News

If Apple(AAPL) needed any more help selling iPhones, it’s getting it today. The world’s largest technology company is bringing its iPhone to five more U.S.-based carriers today, as it continues to expand its coverage beyond the three major wireless providers, AT&T(T), Verizon(VZ)and Sprint(S). The news was first reported by Apple blog, 9to5Mac.

Alaska Communications(ALSK), nTelos(NTLS),Appalachian WirelessGCL, and Cellcom will start selling the iPhone 4 and iPhone 4S starting today. All five of the regional carriers will sell the iPhone 4S at a discount to AT&T, Verizon and Sprint, selling it for $50 less. They are also selling the iPhone.

TheStreet previously reported nTelos customers would get access to Apple’s smartphone.

After Apple’s last quarter, it’s not as if the consumer tech giant needs help in selling the device. Apple sold an impressive 37.04 million units during the quarter, a particularly notable number given that the iPhone 4S was not a revolutionary upgrade from its predecessor.

In recent days, there has been speculation that Apple may not have a strong third-quarter for iPhone sales, with Apple component partner Qualcomm(QCOM_) warning that supply was not meeting demand. Canaccord Genuity analyst Mike Walkley cut his iPhone estimate to 29.34 million units, down from 33.58 million, due primarily to Qualcomm’s warning.

In contrast, Goldman Sachs analyst Bill Shope raised his price target to $750 from $700, thanks in large part to stronger-than-expected iPhone estimates. “We expect solid March-quarter upside, which is likely to trigger healthy increases in iPhone, iPad and overall earningsexpectations for the full year,” Shope wrote in his research report.

We’ll find out if Apple needs the help or not when it reports earnings after the close of tradingon April, 24. Analysts polled by Thomson Reuters expect the Cupertino, Calif.-based giant to report $10 per share in earnings on $36.65 billion in revenue for the quarter.

Shares of Apple are lower in early Friday trading, off 1.56% at $578.2.

The Street

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In News

Technology Liz Rowley

China Will Get The World’s Fastest Elevators That Will Send You 100 Floors In Under A Minute

A global contender in all things, China is about to one-up us all where it really counts. Get ready for the worlds fastest elevator, courtesy of multinational engineering and electronics conglomerate, Hitachi. Earlier this week, news surfaced that two of the world’s most rapidly-ascending elevators were part of the construction plans for a Finance Center […]

Also On Elite

Dating

8 Reasons Being In A Serious Relationship Might Beat Being Single

Summer is right around the corner and, as I am sure you know, summer tends to be less of a dating season and more of a mating season. With all the skin being shown, you really can’t blame people for wanting to sleep with the general population – we’re only animals. However, summer or not, […]

Sports

What Happens When Neymar Puts His Soccer Skills Up Against A Rally Car? (Video)

Despite battling some injuries out in Barcelona, Neymar should have a valiant homecoming when he returns home to Brazil for the World Cup in June. To get ready for the big stage, the 22-year-old football star isn’t going for traditional training methods to prepare himself for the biggest games of his life. Instead, he teamed […]

Strategy

Bad Credit 101: How To Recover From Your Bad Credit Standing

Checking your credit report is very essential because your credit score is an important factor that most lending businesses and banks consider when you apply for a loan. Whether the loan is for your mortgage or a new car, creditors and banks check your credit score to determine whether you are eligible and what interest […]