Piper Jaffray’s Gene Munster Said Apple Will Sell 10 Million iPhone 5 Devices In First 3 Weeks
Piper Jaffray analyst Gene Munster is predicting that Apple will sell 10 million iPhone 5 units in the first 3 weeks on the market. It took Samsung about 50 days to reach that same 10 million unit sales number for the Galaxy S III. Apple sold 4 million iPhone 4S devices in the first weekend of being released on the market.
In Apple’s fiscal Q1 that ended on December 31, 2011 the company sold 37 million iPhones. The first time that Apple cracked the 10 million mark for a full quarter, it was in Q4 2010 when they sold 14.1 million iPhones.
FBR Capital Markets analyst Craig Berger is predicting that Apple will sell about 250 million iPhone 5 devices in it’s lifecycle. That means $144 billion in revenue for Apple. The sales increase is attributed to Apple expanding iPhone sales in larger markets like Europe and China.
Michael Feroli told the Los Angeles Times that the Apple iPhone 5 sales could boost the GDP by $3.2 billion ($12.8 billion at an annual rate), which would increase fourth quarter growth by a third of a percentage point.
[Inquistr]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry