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September 16, 2012

First week iPhone 5 sales to double any other iPhone models

After the post iPhone launch euphoria last week,its back to business for Apple as it starts shipping its gizmo the iphone 5.In US Apple iPhone 5 pre-orders started last Friday via AT&T, Verizon and Sprint but customers won't be able to get their new gadgets until  Friday September 21.

Wall Street   expects  is expecting as many as 10 million iPhone 5 models to be sold by the end of September While Piper Jaffray analyst Gene Munster anticipates iPhone 5  to sell 10 million in the first week

Last year, Apple sold 4 million iPhone 4S units during that phone's first three-day weekend in October. A full 10 million in sales over a little more than one week seems attainable this year, as long as there's enough supply to meet demand.

Overall, the analyst is eyeing total iPhone sales of at least 26 million units for the full September quarter, higher than the average Wall Street estimate of 22 million to 23 million.