Analyst: Apple will sell at least 4.47 million iPhones this quarter

Analyst: Apple will sell at least 4.47 million iPhones this quarter

Summary: Gene Munster, an analyst at Piper Jaffray, and his merry band of observers have spent 25 hours at Apple stores counting folks buying iPhones. His conclusion: Apple sells 95 iPhone 3Gs a day at each of its 188 stores, up from 21 phones a year ago.

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Gene Munster, an analyst at Piper Jaffray, and his merry band of observers have spent 25 hours at Apple stores counting folks buying iPhones. His conclusion: Apple sells 95 iPhone 3Gs a day at each of its 188 stores, up from 21 phones a year ago. Toss in international sales and AT&T stores and Apple should sell at least 4.47 million iPhones.

Munster, also known for being incredibly bullish on iPhone sales, said his new guesstimate for iPhone sales is up from his previous 4.1 million phones for the September quarter.

He also notes that his iPhone projection may be conservative. Indeed, Best Buy should give Apple a late quarter pop in iPhone sales. However, Best Buy may only offset a slowdown in sales later in the quarter. Munster noted:

We believe overall demand for the phone will remain high, but we have scaled back our per day estimates for the rest of the quarter as we saw roughly a 10% decrease in our second week of survey work.

International sales will also play a big role for Apple and account for 47 percent of total iPhone sales. Here's a look at Munster's estimates:

iphone3gchart.png

Also see:

Topics: Enterprise Software, Apple, iPhone, Mobility

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12 comments
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  • It's broke.

    http://www.theinquirer.net/gb/inquirer/news/2008/08/12/poor-iphone-3g-service-revealed
    bjbrock
    • Pretty good sales for a

      broken product...:P

      Pagan jim
      James Quinn
  • I read the headline and thought...

    ..."That'll be Munster then".

    And, yea, it was so.
    Sleeper Service
  • RE: Analyst: Apple will sell at least 4.47 million iPhones this quarter

    Notice RIMM stock has been trending down the last few day while Apple stock has be going up. That pretty much say it all. Also, HSBC is in the process of switching 200,000 Blackberry's to the iPhone. Check it out for yourself: http://www.zdnet.com.au/news/hardware/soa/HSBC-could-order-200-000-iPhones/0,130061702,339291247,00.htm

    Buy American!
    gtdworak
    • All your post says...

      ...is that you don't have very good reading comprehension or an understanding of the stock market.
      Sleeper Service
      • Denial

        Perhaps you'd like to give us a better idea of the extent to
        which this is not happening? The stock isn't going up? The
        growth rate isn't real? The analysts are bought and paid
        for?

        Last but not least, those phones we see on the street?
        Those aren't iPhones.

        You might do well to examine why this level of damage
        control is needed. You're spending some time doing it. The
        conspiracy complicit in faking this success is pretty broad,
        and you're just one person. Ask yourself why the iPhone
        can't be seen to succeed. You may not like your own
        answer.
        Harry Bardal
        • Reality break

          So I am just as big of an Apple fan as you get. I also know
          how to read and how to look at the charts for stock prices
          for the past year. If you look at RIM you will see that their
          price is up $60 over where it was at a year ago. They are
          not hurting. Apple is not putting as big of a dent in RIM as
          they are the other guys.

          Is Apple growing? Most definitely. Are they taking a share
          of RIM's market? yeah a little. Is RIM going away? Not
          anytime soon.

          Apple taking HSBC is big for Apple. It does hurt RIM but
          not that much. I think the company that is going to be
          hurt the most by the iPhone is not RIM but Microsoft. The
          companies that are hurt the most by Apples success in the
          market are the ones like Samsung who create devices for
          Windows Mobil. That is the platform that is having issues
          keeping up with Apple.

          My main point to this post is this, Try not to look at a
          company's stock price for the past week and determine
          their trend. You kind of look foolish. If we all did that a
          few weeks ago we would have all sold our stock because
          Apples price dropped $25 in the course of a couple of
          weeks.
          meeyanpeat
        • Hi, read my post again.

          Then look at the P/E ratios for RIMM and APPL. Then look at the stock price over the last two years for each. Then look at the volatility. Then look at the massive fluctuations in price and how sensitive the stock is to rumour.

          To suggest that RIMM is on a downward spiral whilst Apple will inexorably climb is just plain ignorance.

          As for HSBC buying 200,000 iPhones, well that's just a pipe dream, I'm afraid dreamed up by ZDnet's Australian franchise, searching for news that isn't there.
          Sleeper Service
          • Funny

            "Then look at the P/E ratios for RIMM and APPL. Then look
            at the stock price over the last two years for each. Then
            look at the volatility. Then look at the massive fluctuations
            in price and how sensitive the stock is to rumour."

            So the money being made isn't real either? Okay. In the
            spirit of full disclosure however, I've invested in Apple
            since $30. The gains seem real enough to me. By all
            means, put your money where your mouth is. Invest in
            RIM.

            This was a response to your ongoing damage control in
            aggregate. The hand wringing, name calling, and self
            congratulation reaches an all time high with you. It's now
            consistently flies in the face of prevailing trends. Whether
            it be calls for "proof" coming from those like-minded, or
            this little lesson (thanks) on how to read the stock market,
            and a reprimand for "ignorance"... you've tipped your
            hand.
            Harry Bardal
          • Bought when it was $12 so loving this...:P

            Pagan jim
            James Quinn
  • RE: Analyst: Apple will sell at least 4.47 million iPhones this quarter

    The deal with apple is this, Apple will sell a lot of phones. A
    lot. They are sitting on about 20 billion dollars in cash. They
    will make about .70 per day for each of their phones they
    sell, guaranteed for 2 years.... add that up and its a lot.
    Guaranteed money coming up. Apple stock will rise thats why
    there's a buy on the stock across the board...it's just a
    matter of getting in now before it goes up. Are you in?
    dubiousguy
  • They'd sell more if they could make more faster

    In Paris, we have three more weeks to wait before we can get
    a white 16G iPhone. Sometimes black 8Gb come in and they
    are snapped up within hours.
    mlindl