Apple is set to reap a bucket load of money with a leading analyst Gene Munster of Piper Jaffray’s, forecasting that the Company will sell 5 million iPhone’s and 11 million iPods in the next quarter. The assessment comes only hours after Google introduced in partnership with HTC a brand new Android smart phone
CNN Money claim that based on the latest retail sales data from the NPD Group, Munster writes in a report to clients that he is “incrementally more confident” in Apple’s unit sales for its three main product lines and has raised his targets as follows:
·Mac units of 2.8 million (vs. 2.5 million previously) in Q4
·iPod units of 11 million (vs. 10.8 million)
·iPhone units of 5 million (vs. 4.1 million)
Added to the 2.4 million first-generation iPhones Apple sold in the first six months of 2008, that would bring the total number iPhones sold this year to 7.4 million.
Munster also notes the iPhone this quarter will, for the first time, account for a “meaningful percentage” of booked revenue. Last quarter, which ended in June, the iPhone accounted for only 4% of booked revenue; this quarter, he estimates, it will account for 21%. To reflect this change, he is publishing a new metric that assumes that the full value of each iPhone sale is accounted for in the quarter in which it is sold (rather than spread out over two years, the life of the standard iPhone contract).
For more see CNNMoney