So thrilled that Piper Jaffray analyst Gene Munster estimates that Apple could move 6 million iPhone 5s during the device’s first weekend. And that’s a low-end estimate.
On the high-end, Munster says that Apple could sell up to 10 million of its “boring” and incremental new devices.
Munster’s estimates come after Apple announced the iPhone 5 had marked a new record, with 2 million pre-orders in the first 24 hours. That’s two times as many as what the iPhone 4S pulled in during the same time span.
Bullish estimates on Apple’s potential iPhone 5 sales helped bump the company’s stock price past $700 in after-hours trading. The stock closed at $699.80
Apple’s next iPhone goes on sale this Friday, September 21, at 8 a.m — and if you want one, you should probably start lining up now.
Photo: Dean Takahashi/VentureBeat