J.P Morgan has increased their iPhone projections for the December quarter to 28 million, with the revenue estimates being adjusted to $38.69 billion, reports AppleInsider. This is a significant increase to the firm’s previous estimate of 25.3 million iPhones.
By comparison, Apple’s previous best for iPhone sales was in June 2011, when 20.34 million were sold. Even though fewer iPhones were sold in September, Tim Cook remains confident that next quarter will set “an all time high”.
US carriers have reportedly been surprised at the strong sales of the iPhone 4 and 3GS, and these lower priced models are also expected to help Apple’s development in emerging markets such as China.