Cantor Fitzgerald analyst Brian White has published a new research note, in which he claims that Apple will have a great holiday quarter based on the performance of Apple’s Taiwanese suppliers.
Since Taiwanese suppliers mostly depend on Apple for revenues, their performance is a good indicator of how Apple’s quarterly results would be like. From White’s research note:
We estimate sales in November rose by approximately 19-20% M/M and well above the November average of up 6% over the past eight years. As such, we believe this November will prove to be the strongest in the history of our Apple Barometer. [...]
Given the combination of a record October performance and our expectation of record growth in November, our Apple Barometer is on track to report stronger-than-average seasonality in 4Q:13. If we assume an average MoM sales decline of 10% in December, we estimate our Apple Barometer will grow sales by 28% QoQ in 4Q:13, or more than double the average increase of 13% over the past eight years.
The research note says that Apple’s strong growth was due to high demand for the new iPhones and iPads, which will further go up when the iPhone 5s and iPhone 5c launch on China Mobile in the coming weeks.
MacRumors notes that Wall Street investors too believe Apple has strong holiday quarter results lined up, as Apple’s stock has been steadily rising in the second half of this year, hitting a 52-week high yesterday.
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