The expected iPhone 5S will see an extended delay in delivery, while iPad Mini demand is softening, according to a research note from Citigroup Capital Markets. The note also claimed a Retina MacBook Air is coming.
"We have previously written that iPhone5S, despite an accelerated design phase, was modestly delayed from June to July," wrote Citi's Glen Yeung in a research note Sunday. "With input from Citi's Taiwan-based technology research team...we now believe that a further 1- to 2-month delay (from July to August or September) is possible, likely stemming from volume production issues."
Jefferies analyst Peter Misek also iPhone 5S and low-cost iPhone will likely be delayed.that the rumored
The iPhone 5S had been expected to arrive in June.
And don't expect an iPhone 6 this year either, Citi's Yeung said. Here's what he said about the fourth quarter.
4Q13 (September) refreshes...we expect several product refreshes in 4Q13. Specifically, we expect iPhone 5S (better camera & processor, NFC, new colors), iPad Mini (Retina and non-Retina refresh), iPad 5 (slimmer, lighter, thinner bezel), MacBook Air Retina. We do NOT expect iPhone 6 (large screen) and remain unclear on low-end iPhone
A Retina MacBook Air would mean that most of Apple's MacBook line would be available with high-resolution Retina displays. So far, only 13.3-inch and 15.4-inch MacBook Pro models offer that display.
Yeung also expressed concern about "softening" iPad Mini demand. And he expects both Retina and non-Retina versions of the iPad Mini 2.
"We remain concerned about iPad Mini demand in light of flattening production in 3Q13 (third quarter 2013)...potentially two models in 4Q13: Retina Mini 2 and non-Retina Mini 2."
Yeung was not sanguine about Apple shares. "We remain in the minority by NOT recommending Apple," he wrote.