“Sales of the new iPhone 5 could be double those of the previous model in its first week on the market, thanks to Apple Inc’s most aggressive smartphone launch plan yet, and up to 33 million iPhones may be sold this quarter, analysts said,” Aditi Sharma and Sayantani Ghosh report for Reuters.
“Many expressed surprise at how quickly Apple planned to roll out the new model around the world, saying this showed supply constraints that afflicted past releases would not be a problem this time for the bigger, faster and slimmer iPhone 5,” Sharma and Ghosh report. “The new model ships on September 21 in the United States, Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and Britain, and will hit 100 countries by the end of the year in the fastest international rollout for an iPhone so far.”
“Analysts raised forecasts for Apple’s share price by as much as $200 to between $750 and $1,000,” Sharma and Sayantani Ghosh report.
MacDailyNews Note: Apple (AAPL) shares rose as high as $685.50 today to set a new all-time intraday record high.
“RBC Capital said sales of iPhone 5 this month could result in additional Apple sales of $4 billion to $5 billion for the fourth quarter ending September 30. The brokerage increased its price target for the stock by $50 to $750,” Sharma and Ghosh report. “Barclays, which raised its price target for Apple stock to $810 from $750, said Apple would have a “unique holiday season” as it would also benefit from upcoming launches of a smaller iPad and new Mac computers.”
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