iPhone sales may be better than expected, says analyst

Uncategorized | Wednesday October 17 2012 10:25 PM | Comments (0) Tags: , , , , , ,

iPhone sales may be better than expected, says analyst

The iPhone 5.

(Credit: CNET )

Apple ‘s iPhone sales in the third quarter probably won’t break the bank, but they may be higher than anticipated, says Piper Jaffray analyst Gene Munster.

Based on the number of iPhones activated by Verizon last quarter, the analyst believes Apple ‘s non-iPhone 5 sales were stronger than expected.

Verizon announced yesterday that it had activated 3.1 million iPhones in the third quarter, up 15 percent from the prior quarter and higher than Piper Jaffray’s estimate of 2.5 million. Of those, only 651,000 were for the iPhone 5.

In an investors note out yesterday, Munster called those numbers “a positive read for Apple .” Though he expects Apple ‘s non-iPhone 5 sales to decline 35 percent from a year ago, he’s pegging a drop of just 4 percent for total iPhone sales in the third quarter. As a result, the analyst is sticking with his forecast of 25 million iPhones sold last quarter.

iPhone sales estimates from other analysts show a wide gap. A poll of analysts conducted by Fortune found a range from as … [Read more]

iPhone sales may be better than expected, says analyst

iPhone sales may be better than expected, says analyst

iPhone sales may be better than expected, says analyst

iPhone sales may be better than expected, says analyst

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