iPhone Sales To Surpass 30 Million In Final Quarter Of 2011 [Report]
With iPhone 4S already off to a record start selling four million units in its first three days of availability, the projected iPhone sales are estimated to reach an all-time high this quarter. A report published by investment bank UBS (via Apple Insider) suggests that Apple will sell as many as 30 million iPhones in the final quarter of 2011, up from a previous estimate of 28 million. As a result, UBS has raised its revenue estimates to $38.5 billion, up from $37.2 billion with expected earnings per share to reach $9.90 as compared to a previous projection of $9.47.
Citing from the source:
UBS analyst Maynard Um joined a chorus of analysts in raising iPhone estimates this week on the apparent strength of sustained demand for Apple’s handset. The firm bumped its projections in part because of AT&T’s announcement that it expects its best smartphone quarter ever, largely due to sales of the iPhone 4S.
As for iPads, Um kept his original estimate of 12 million units in the fourth quarter of calendar 2012, though he did note that he sees the general consensus of 13 million iPads as “achievable” given the expected seasonal boost during the holidays.
While analysts are generally in agreement that Apple will post record iPhone sales this quarter, they also agree that the iPad may see limited growth this quarter. So, what are you planning to buy for the holidays, an iPhone or an iPad?