News Archive for 08/06/16

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RBC: iPhone sales boom

06/16, 2:50pm

RBC: iPhone 3G to trigger iPod-like sales boom

Apple may replicate the success of the iPod with the iPhone 3G, argues RBC's Mike Abramsky. The analyst suggests that in the September quarter of 2008 Apple will sell 5.1 million iPhones, 70 percent more than consensus estimates of 3 million. This would make for an increase of 356 percent year-over-year, paralleling Apple's December 2005 quarter, which saw an approximate threefold growth in iPod numbers. This year's December-quarter iPhone sales are expected to amount to 6.5 million, but this would only be a jump of 181 percent over 2007.