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Apple to Sell 6-8M New iPhones on Launch Weekend, Analyst Says

by Jacob Kleinman | September 19, 2013September 19, 2013 9:00 am PST

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Apple’s stock has seen a significant decline following a press conference last week where the company unveiled the iPhone 5s and iPhone 5c handsets, and a number of industry analysts are predicting disappointing sales over opening weekend. Then there’s Ming-Chi Kuo. The KGI analyst, who has a knack for predicting Apple’s future, wrote in a note to investors on Wednesday that new iPhone sales over launch weekend will likely break previous records, falling somewhere between six and eight million units shipped.

Kuo also breaks down sales between the two new iPhones. Based on rumors that the iPhone 5s will see severe supply constraints at launch, he predicts the $199 handset will make up just 35 to 45 percent of sales, while the plastic iPhone 5c could account for the majority of units sold. Kuo also predicts that China Mobile, the world’s biggest carrier which has yet to confirm it will support the new iPhones, may use the iPhone 5c in an effort to help launch its new high-speed TDD-LTE network.

Another prediction from Piper Jaffray analyst Gene Munster is slightly less optimistic, suggesting Apple will sell just five to six million units over its launch weekend. With the iPhone 5s and 5c release date less than 24 hours away in some parts of the world, we won’t have to wait much longer to learn whether Apple can still outsell the competition.

 

Apple Insider

Jacob Kleinman

Jacob Kleinman has been working as a journalist online and in print since he arrived at Wesleyan University in 2007. After graduating, he took a...

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