It seems like Apple (NASDAQ:APPL) iPhone 6 is doing better than what the analysts actually expected of the newest version. Piper Jaffray analyst, Gene Munster has raised his target price of iPhone 6 from $ 120 to $135. Munsters estimates that the iPhone models are likely to sell in huge numbers and for longer time periods. Apple (NASDAQ:APPL) is trading in the market at $114.67, with a rise of 43% for this quarterly year.

Munster is of the view that Apple (NASDAQ:APPL) is lags behind in actually providing the iPhone 6 and 6 plus stock in the market. According to his estimates, only 58% of the iphone6 and 6 plus models are available in stock in the US sores. The number is up by 6% as compared to last month but Apple (NASDAQ:APPL) has still been failing the demand of the other 42%.

In order to see if the failure to meet customers demand by Apple (NASDAQ:APPL) are actually true, the employees at Business Insider placed orders for the iPhone 6 plus, but as predicted, the smartphone was out of stock. This can affect the Apple (NASDAQ:APPL)’s sales and profit margins.

Sales can also be effected as Apple (NASDAQ:APPL) is transitioning the orders placed online efficiently. The orders do get through but after quite a delay. The shipment of IPhone 6 takes 7 to 10 working days, whereas iPhone 6 plus will place the shipment 3 to 4 weeks.

These supply problems will not hurt this quarter’s numbers, Munster says. He doesn’t think Apple (NASDAQ:APPL) would have forecast the revenue it did, if it thought it couldn’t make enough iPhones. Apple (NASDAQ:APPL) is expecting $63.5 billion to $66.5 billion this quarter. Because of the supply issues, Munster doesn’t think Apple (NASDAQ:APPL) is going to demolish its numbers; rather it will either hit them or just barely beat them.

These supply chain delays and inconvenience are not likely to hurt the company’s current fiscal years quarterly earnings.

Apple (NASDAQ:APPL) has forecasted revenue of $63.5 billion to $66.5 billion for this quarter of the year. So just because of its shipment issues apple is not likely to change its forecasted numbers, but Apple (NASDAQ:APPL) is surely going to find a way to work around these problems.

Munster doesn’t feel the supply problem will have a massive effect on Apple (NASDAQ:APPL) sales. If someone wants an iPhone, they won’t switch to an Android phone, just because iPhone is out of stock. Hence, iPhone 6 and 6 Plus will continue to sell into the first three months of next year.

Even though the supply problem may appear as an inconvenience for customers, Munster believes that this might prove positive for the company as well. A person who wants to buy the iPhone is more likely to wait until the model comes back in stock than to buy another brands phone.so the iPhone 6 and 6 plus sales are likely to stay steady for the first part of next year, until the brand comes with a new model.

 

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