Analysts have 11 days to place their best bet on how many iPhones Apple sold during the holiday quarter. RBC Capital analyst Amit Daryanani is no exception, and according to his note sent to investors and obtained by AppleInsider, he is very positive.
He predicts record iPhone sales of between 67 million and 68 million units for the holiday quarter. By comparison, RBC Capital’s forecast is 64 million units.
Based on this positive forecast, and in the context of high iPhone 6 and 6 Plus sales, Daryanani raised his AAPL price target to $123, up from $120.
To put that into numbers: Daryanani believes the latest iPhones will account for more than 80% of the 67 to 68 million units sold during the past three months. He also predicts that the average selling price of the devices will be around $700, due to increased storage options and the $100 premium the iPhone 6 Plus carries.
Daryanani also predicts a great March quarter for Apple: His forecast is up to 50 million units in the current frames, which is in line with RBC’s current estimate.