In a note to clients — as reported by “AppleInsider” (www.appleinsider.com) — Piper Jaffray analyst Gene Munster says Apple could sell 10 million iPhones this fiscal quarter with the company expected to unveil its next gen smartphone next week at a Sept. 12 media event.
Pundits expect that Apple will report sales of between 22 million and 23 million iPhones in the September quarter. However, a launch of the “iPhone 5” this month could push total sales as high as 28 million, Munster predicts.
The analyst feels Apple could sell between six million and 10 million new iPhones in the final week of September. That would result in an 8% upside to Wall Street’s current projection of US$35 billion in revenue, and 12 percent upside to earnings per share of $8.46, he notes.