August Handset Demand "Lackluster," Pacific Crest Says
U.S. and European handset demand was “lackluster” in August, creating pressure on pricing, Pacific Crest’s James Faucette asserted in a research note this morning.
Faucette says says handset sell-through is up sequentially from July, but below expectations for the beginning of the back-to-school season. He adds that “price pressures on handsets continue to mount.” He notes that the mix of Apple (AAPL) iPhone 3G sales during August has shifted “decidedly” toward the $199, 8GB model. He says that will increase the difficulty of selling other smartphones “in the usual $250 to $300 range.”