Analyst claims iPhone demand remains 'robust'
Despite claims that Apple's iPhone sales are slowing one analyst asserts the handsets are still performing well
Contrary to recent stories that iPhone 5 demand has weakened, another analyst now claims sales are 'robust.'
In a note to investors, Sterne Agee analyst Shaw Wu claims to have researched Apple's supply chain and believes the company's latest smartphone is still doing well.
Wu also added a theory for the reports of weak sales claiming that this may have had more to do with Apple switching parts suppliers.
Apple is soon expected to post earnings reports for Q4 2012 and Wu predicts the company will outperform expected earning with 47.5 million iPhone sales at a 38.7 per cent gross margin.
Other analysts have previously predicted 46 million sales at 38.3 per cent. While other analysts are reducing their target share prices, Wu has kept his high at $840.
Stuart Jeffrey of Nomura cut his price target from $660 to $530 earlier in the week.