According to industry analysts, Apple is poised to sell five million iPhone 5s in the first three days of launch, making it the biggest consumer electronics launch in history.
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In comparison, the iPhone 3GS sold more than one million units during its first weekend of launch. The iPhone 4 sold more than 1.7 million. Apple sold four million iPhone 4Ss in the first weekend of last year, with over 1 million pre-orders in the first 24 hours.
Analysts seem to be bullish about iPhone 5 sales, with five million being the magic number; although Piper Jaffray analyst Gene Munster anticipates a figure of between six to 10 million units.
According to NYPost, JPMorgan’s chief economist, Michael Feroli said in a note to clients yesterday, that the sales of the iPhone 5 could not only boost the Cupertino giant’s bottom line, “but could give a significant boost to the overall US economy.”
JPMorgan’s analysts were also very bullish and expect Apple to sell around eight million iPhone 5s in the fourth quarter.
It’s almost unfathomable that a single product could boost the GDP of a country, eh?