The iPhone 5 could be an unprecedented hit for Apple, according to one analyst.
In a research note to investors last week, FBR Capital Markets analyst Craig Berger wrote that Apple could sell a whopping 250 million iPhone 5 units over the device's lifespan. The device could also drive $50 in earnings per share, or a $47 billion profit, during its lifecycle, "representing one of the largest single product opportunities in Apple's history."
All Things Digital was first to report on the note.
If Apple were to sell 250 million iPhone 5 units, it would mark a dramatic uptick in total sales for its iOS-based devices. At the Worldwide Developers Conference in June, Apple announced that it had sold a cumulative 365 million iOS devices at the end of March.
How, then, could Apple's iPhone 5 be so successful? Berger says that the device's expected improvements, including a larger display, better processor, and maybe even near-field communication, will help drive strong sales. In addition, he believes that Apple will be able to launch the iPhone 5 on China Mobile's service early next year.
"If China Mobile launches the iPhone in early 2013, we anticipate that Apple could generate 13 million units sold [to China Mobile customers] in the first half of 2013," Berger wrote.
for a long time. China Mobile is the world's largest mobile carrier with 688 million subscribers. And although just a small portion of those are smartphone owners, it's a huge opportunity for Apple.
But before any of that can happen, Apple needs to actually announce the iPhone 5. According to reports,. However, the iPhone maker hasn't yet confirmed that this is the case.
reading•Apple could sell 250 million iPhone 5s, analyst says
Jun 21•Tech condemns Trump: Apple, Microsoft, Airbnb oppose separating families at the border
Jun 20•The last-gen iPhone still holds its own
Jun 20•Galaxy Note 9 launch date, price, specs, features and other rumors
Jun 20•Thieves rappel Mission Impossible-style to steal $100K in Apple goods from Best Buy