Will The New iPhone Sell 10 Million Units This Quarter? [Analyst]

The anticipation for the new iPhone is huge.

Since the iPhone launched in 2007, each initial launch has topped all previous launches. With news earlier today that the iPhone event will be held on September 12th, an analyst has re-evaluated his sale estimates.

Analyst Gene Munster of Piper Jaffray retracted his previous prediction and now believes that Apple will sell 6 to 10 million units during the current quarter.

AppleInsider has the details:

Market watchers generally expect that Apple will report sales of between 22 million and 23 million iPhones in the September quarter. But a launch of the next iPhone this month could push total sales as high as 28 million, Munster said.

Munster believes Apple could sell a total of between 6 million and 10 million new iPhones in the final week of September, barring potential supply issues. That would result in an 8 percent upside to Wall Street’s current projection of $35 billion in revenue, and 12 percent upside to earnings per share of $8.46.

This estimate seems fairly suitable considering the iPhone 4S sold four-million units upon its launch. We just have to hope past reports of possible supply constraints aren’t true.

Under all consideration, the initial launch phase of the iPhone 5 should include Canada. The past two major Apple product launches did (iPhone 4S and New iPad), so I wouldn’t see why not.

Are you excited yet? We will keep you updated on the iPhone launch, so stay tuned!