iPhone sales may be better than expected, says analyst
Based on the number of iPhones sold by Verizon, Apple's iPhone sales last quarter may be stronger than some analysts have forecast.
Lance WhitneyContributing Writer
Lance Whitney is a freelance technology writer and trainer and a former IT professional. He's written for Time, CNET, PCMag, and several other publications. He's the author of two tech books--one on Windows and another on LinkedIn.
In an investors note out yesterday, Munster called those numbers "a positive read for Apple." Though he expects Apple's non-iPhone 5 sales to decline 35 percent from a year ago, he's pegging a drop of just 4 percent for total iPhone sales in the third quarter. As a result, the analyst is sticking with his forecast of 25 million iPhones sold last quarter.
This year, Apple sold 26 million iPhones in the first quarter and 35 million in the second quarter. Last year, the company sold 17 million iPhones in the third quarter and 37 million in the final quarter.
Eyeing this year's fourth quarter, Munster is looking at iPhone sales of 49 million. Since Verizon activated few iPhone 5 units last quarter, demand for the new phone is likely to rocket this quarter.
Munster does note that the iPhone 5 remains in tight supply in the U.S. based on checks at Apple retail stores as well as Verizon, AT&T, and Sprint. If supply doesn't start to catch up with demand, that 49 million estimate may prove optimistic. However, any decline in numbers for the December forecast would largely be added to the analyst's March estimate.
Apple will report its quarterly earnings on October 25.