Home Technology Apple Could Sell 50 Million iPhone 5 Units In 4th Quarter: JPMorgan

Apple Could Sell 50 Million iPhone 5 Units In 4th Quarter: JPMorgan

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 Apple Could Sell 50 Million iPhone 5 Units In 4th Quarter: JPMorgan

We have already reported Apple Inc. (NASDAQ:AAPL)’s record breaking sales from its newest iPhone, the iPhone 5. The 6th generation iPhone sold 2 million units during the first 24 hours of its preorder availability, and 5 million units over the first weekend of availability in stores. Now, JPMorgan Chase & Co. (NYSE:JPM) analysts say that iPhone 5 could sell an astounding 50 million units during the 4th quarter of this year.

Katy Huberty has made a new claim on the iPhone 5’s already record breaking sales run. She says her report is based on the heavy demand for the new iPhone, both from carriers, and suppliers. Huberty says that Apple Inc. (NASDAQ:AAPL) will finish this quarter out, by selling 25 million iPhone units before the end of this month. This seems like a massive number, until you consider the sales records already turned in over the last few weeks by Apple Inc. (NASDAQ:AAPL). iPhone 5 is, without any doubt, the hottest gadget of the year.

Huberty’s research note, which she released today, says that china will most likely be a driving factor in the iPhone’s sales. There are several new carriers included in this years launch, which brings even more customers to Apple’s table. China Unicom may be able to begin shipping iPhone 5 units as early as December, while China Telecom should have it during the first quarter of next year. There are also reports that China Mobile may have an iPhone 5 which is compatible with its TD-LTE network in the near future.

All of these new carriers bring millions of customers along with them, and the forecasts for Apple Inc. (NASDAQ:AAPL) is looking good. Huberty also points out that she expects Apple to have a strong set of upgrades throughout the next year, considering the LTE capabilities of the iPhone 5. It will be interesting to see if the company can keep up its rapid climb as the most valuable company in the world.

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