Piper's Munster Sees Apple (AAPL) iPhone 5 Sales Toppling Wall Street Expectations
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Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
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With the advent of Apple's (Nasdaq: AAPL) next iPhone launch just a week away, Piper's Gene Munster is mulling how many units of the device will be sold in the first week... and numbers are a little disappointing.
Just kidding! Munster sees Apple shipping six million to 10 million iPhone 'Cincos' in the last week of September, should Apple start selling the device then.
That means iPhone sales in the most recent quarter, which ends at the end of September, could range from 26 million to 28 million units, according to Munster. The Street is currently at about 22 million to 23 million units.
AllThingsD notes the ever-increasing early sales numbers for iPhones. The iPhone 3GS sold over 1 million units in its first weekend, iPhone 4 at 1.7 million, and iPhone 4S at over 4 million.
So, no one is doubting that Apple will sell A TON of iPhone 5s, the only question is timing and availability for Munster's prediction to come true.
Apple shares are lower on the session, down about 0.5 percent Wednesday.
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Just kidding! Munster sees Apple shipping six million to 10 million iPhone 'Cincos' in the last week of September, should Apple start selling the device then.
That means iPhone sales in the most recent quarter, which ends at the end of September, could range from 26 million to 28 million units, according to Munster. The Street is currently at about 22 million to 23 million units.
AllThingsD notes the ever-increasing early sales numbers for iPhones. The iPhone 3GS sold over 1 million units in its first weekend, iPhone 4 at 1.7 million, and iPhone 4S at over 4 million.
So, no one is doubting that Apple will sell A TON of iPhone 5s, the only question is timing and availability for Munster's prediction to come true.
Apple shares are lower on the session, down about 0.5 percent Wednesday.
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