With recent Apple reports, many have noticed that Apple cut their purchase commitments for March’s quarter from $4.5 billion to $904 million, which is a huge decrease in terms of Apple’s normal filings. Obviously, Apple was spending that $4.5 billion two quarters ago for iPhone 5 development and mass-production. However, many are noting that is a substantial decrease for Apple.
Of course, analysts run with these numbers, and Morgan Stanley analyst Katy Huberty is now reporting that the iPhone 5S will be of course the same as the iPhone 5, and will obtain new internals as all “S” refreshes do. Here’s her note:
Lower planned purchases of production equipment sets up for higher iPhone 5S margin. The 10-Q discloses $904M of commitments for equipment purchases compare to $4.5B just two quarters ago when Apple invested in new in-cell touch displays for the iPhone 5.
The decrease is likely due to iPhone 5S not requiring significant hardware changes, therefore iPhone GM could be much higher in C2H13.
It’s pretty obvious here that she’s interpreting the purchase cut will mean close to no change, externally. However, it comes to no surprise to us, as Apple consumers are well aware that the year after a major release will be a more minute release. Are you surprised? Let us know in the comments below? Also, if you have an iPhone 4S, will you be getting the iPhone 5S? Let us know on Twitter! source
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