Telecom & Wireless
Apple to Sell 46.5 Million iPhones at Holidays
Published:
Last Updated:
Sterne Agee analyst Shaw Wu believes that Apple (NASDAQ: AAPL) iPhone 5 sales could reach 46.5 million in its fiscal quarter which includes the 2012 holiday season. The figure is well above almost all other estimates. At approximately $600 per unit (paid for carriers, and then sold to customers for $200), would give Apple unexpected revenue. If anything would push Apple from $700 to $800, it would be sales at unit sales level.
Apple Insider reports:
In Wu’s view, those who do not think Apple’s latest handset will be a success “underestimate” the iPhone 5. He thinks the device will place a great deal of pressure on competitors, and will help Apple capture customers who may have otherwise purchased an Android or Windows phone with a larger screen or 4G LTE connectivity.
With iPhone sales forecast to reach 46.5 million in the December quarter, Apple is expected to set a new record for iPhone sales in the holiday shopping season. The company’s previous best quarter came at the end of 2011, when Apple sold a record 37 million iPhones.
Douglas A. McIntyre
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.