Apple to sell 5 million iPhones this weekend


Yesterday Apple released the new iOS 7 update for their mobile devices, on Friday they release their new line of phones, the iPhone 5C and iPhone 5S. Gene Munster, an analyst with Piper Jaffray, said he expects Apple to sell 5 to 6 million iPhones worldwide through Sunday, according to an investor note obtained by Mashable.

“We believe that Apple will likely sell all of the 5Ses they will produce for launch weekend,” Munster wrote in the note. “Based on Apple not taking online pre-orders for the 5S, which we believe was to avoid customers immediately seeing delivery times for 2+ weeks out, we believe the 5S is more production-constrained than the iPhone 5 was at launch, likely due to the addition of the finger print technology.”

The break down works out to 2.5 million iPhone 5S devices, the more expensive of the two, and 3 million iPhone 5C devices, the colorful more affordable option.

The Apple faithful always come out for the new iPhones or iDevices and are usually quick to snatch up available stock.

Some are saying that the Apple estimates are getting a boost because China is being included among the countries which will get the product right away.

From Mashable:

Ming-Chi Kuo, an analyst with KGI Securities who has an excellent record tracking Apple’s product pipeline, predicts that the company will sell 6 million to 8 million new iPhones this weekend.

Last time a new iPhone was released they sold 5 million during the first weekend, but it was well below estimates of over 10 million.

Are you going to go get a new iPhone this weekend? Let us know in the comments below.

Tags: Apple IPhone 5c IPhone 5s

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