Apple Suppliers Have Record July Sales as iPhone 5 Nears Launch

Last month, Apple suppliers enjoyed what has been their best July yet in terms of sale. This report leads many analysts predicting that Apple Inc. (NASDAQ:AAPL) could have the biggest product launch in history later on this year.

Apple Suppliers Have Record July Sales as iPhone 5 Nears Launch

Brian White, from Topeka Capital Markets, explained preliminary July sales from the firm’s ‘Apple Monitor’ proprietary increased by estimated 14% month-over-month, about two times the average increase from 8.5% we’ve seen from the last seven years.

White further explained, “This July represents the strongest month-over-month sales growth of any July we have on record over the past eight years for the Apple Monitor. [It] was well above the 7% growth experienced last July, supporting our view of an earlier launch of the iPhone 5 versus the iPhone 4S last October.”

It’s expected that iPhone 5 and iPad Mini will launch in stores sometime next month, but naturally nothing has been confirmed yet. It’s also rumored that Apple will introduce their first television set sometime in the near future. He also thinks that Apple Inc. (NASDAQ:AAPL)’s stock is gearing up for a huge increase that could propel them into the $1,111 price target sometime next year.

It’s pretty evident that Apple Inc. (NASDAQ:AAPL) is going to release an iPhone sometime in the next month or so, but I’m not too sure about the iPad Mini and Apple television set, although I would’t be surprised if they did launch those products.  For now, I think the main goal of the company is gear up for the launch of their next iPhone, as well as continually make improvements on iOS 6.

Apple Inc. (NASDAQ:AAPL) has a lot going on for them and right now, and I think their main focus is on products that sell. This isn’t to say that the company doesn’t have some impressive gadgets in mind for the future, I am sure they do, I just think that Apple already has a lot on their plate right now.

About the Author

Anna Peel
Anna Peel is a professional writer. In the past four years, she has written for many websites including BSC Kids, Wasabi Media Group, Boomtron, and many others. She currently live in Savannah, Georgia and occasionally blogs about fashion during her free time.