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Apple Looking to Sell 8 Million iPhone 5s this Weekend Alone

Posted byBy Stan | Published on: CommentsComments (1)

The reviews for iPhone5 are in and the consensus view is that Apple’s flagship device is a must have upgrade. As the iPhone 5 launches on Friday the big question is whether Apple will sell 8 million or more devices launch weekend.

According to CNET, which gave the iPhone high marks along with other reviewers:

The iPhone 5 is the iPhone we’ve wanted since 2010, adding long-overdue upgrades like a larger screen and faster 4G LTE in a razor-sharp new design. This is the iPhone, rebooted.

Fair enough. Now let’s translate those glowing reviews into real units and dollars.

More: iPhone 5 16GB costs an estimated $207 to build | 5 reasons I’m passing on the iPhone 5 | First round of iPhone 5 reviews hit the Web | All iPhone coverage | A unique upgrade cycle

Piper Jaffray analyst Gene Munster—among the biggest Apple bulls on Wall Street—said in a research note:

We believe that the reported 2 million iPhone 5 pre-order unit number suggests that Apple could sell 6-10 million phones in the launch weekend. We believe Apple will issue a press release on Monday September 24th about launch weekend sales. The mid-point of our weekend sales total would suggest 100% y/y growth from the iPhone 4S launch. We note that iPhone 4S grew 135% y/y in its launch weekend compared to the iPhone 4. We believe that some investors may have slight concerns regarding Apple’s ability to sell 6-10 million phones in the launch weekend given the suggested phone sales per hour at retail given the numbers. While we acknowledge the concern, we remain confident that between continued online pre-orders and expanded retail and country distribution, Apple will be able to deliver on the 6-10 million unit weekend sales expectation…

Read more: ZDNet

 

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