JP Morgan Increases December Quarter iPhone Estimates to 28 Million

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.
Henry Taylor-Gill

Henry is a student who is a huge Apple fan, and has used their products since day one. He can remember how happy he was when he received the first iPod back in 2001 as a birthday present. He has an international background, having spent most of his life in France but he now lives in the UK. He is also a native French speaker and can also speak Spanish at a decent level. In addition to tech, Henry is an avid sports fan and has his own sports blog.

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12 years ago