You might recall that Apple posted below average second quarter results due to iPhone sales falling below expectations. Fortunately, with an Apple media event pegged for next Wednesday, September 12th, the launch of a next-generation iPhone appears to be just on the horizon and should help the Cupertino-based company make up for the iPhone 4S sales it lost due to rumors and speculation.
In fact, analysts estimate that sales of the upcoming iPhone could be staggeringly high. Wall Street analysts expect Apple to report sales of between 22 and 23 million iPhones during the September quarter, while Piper Jaffray analyst Gene Munster believes that Apple could sell 6 million to 10 million so-called “iPhone 5s” in the final week of September.
“We believe that if the 21st is the actual ship date, Apple could sell 6 million to 10 million iPhone 5s in the final week of September barring supply issues,” Munster speculates.
For the September quarter, Munster estimates that Apple will ship between 26 million and 28 million new iPhone units, which is a slightly higher expectation than the average Wall Street estimate. With over 4 million iPhone 4S units sold during its opening weekend last October, there’s no doubt that Apple could sell 6 million to 10 million next-generation iPhones in a single week.