September iPhone 5 launch to add millions of iPhones to Apple's Q4 results – analyst

Piper Jaffray believes we're about to see the largest consumer electronics product upgrade in history

Piper Jaffray analyst Gene Munster believes that a September launch of the iPhone 5 could add six to 10 million iPhone sales to Apple's Q4.

Apple is expected to unveil its sixth-generation iPhone (dubbed iPhone 5) at a special 12 September event, and will begin shipping on 21 September. The timing of the launch could save Apple from the disappointing fourth fiscal quarter of 2012 that Wall Street is expecting, because all iPhone sales made up until 29 September will count towards Apple's Q4 revenue.

Fortune reports that, on Wednesday, Munster wrote in a note to clients: "We believe that a September launch could result in the final 10 days of the month generating 6-10 million iPhone 5 unit sales, which would likely shift out of December."

"We believe if iPhone 5 launches in September, Apple could sell 26-28 million units in the quarter (this takes into account iPhone sales slowing dramatically from September 12-20, which is announcement to availability)," Munster continued. "This would imply 8 per cent upside to the Street's current $35 billion revenue and 12 per cent upside to EPS of $8.46."

Munster thinks that Apple will sell 27.19 million iPhones in quarter four, up from the Street's estimation of 23 million. He does note, however, that he may reduce his estimate of 49 million iPhone sales in the December quarter (fiscal Q1 2013).

"While predicting the timing of the iPhone release is topical fro investors, we continue to believe that whether iPhone 5 launches in the September or December quarter is largely irrelevant to the overall story, which we believe is that the new phone will be the largest consumer electronics product upgrade in history," Munster concludes.

Rumours suggest that Apple could also launch an iPad mini and an update to its iPod touch at the September event.

See also: Everything we know about Apple's iOS 6

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Ashleigh Allsopp

Macworld U.K.
Show Comments

Essentials

Cygnett 2500 ChargeUp Pocket Lightning Portable Power Bank

Learn more >

Mobile

Exec

Budget

TerraCycle Zero Waste Box Pens and Markers Small

Learn more >

Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?