The iPhone 5 might sell as many as 10 million in its first week of life, thinks Gene Munster, Piper Jaffray analyst. Apple sent out invites to a September 12 event that is almost certain to be the great launch, and this means that the phone will probably go on sale on September 21.
iPhone 5 to take back top-selling badge from Samsung Galaxy S3 predict analysts
In response, Munster sent out an investors note predicting sales of the iPhone 5 of between 6 and 10 million, taking in September 21 to September 30. The iPhone 4S, despite the disappointment, managed 4 million over its first long weekend last October, so Munster’s estimates seem reasonable.
Munster is reckoning 26 million sales for the September quarter, exceeding Wall Street’s average estimate of 22-23 million.
Looking ahead, JP Morgan’s Mark Moskowitz is thinking of 169 million iPhone 5 sales during the 2013 fiscal year – up from the previous 147.4 million estimate. He predicts that the iPhone 5 won’t be affected by supply chain shortages after all. Even better, Apple’s first fiscal quarter starts in October and runs over the holiday season – bingo!