“Activation figures from Verizon show that sales of the iPhone 4S and iPhone 4 were relatively strong prior to the launch of the iPhone 5, suggesting Apple’s September quarter could be stronger than expected,” Neil Hughes reports for AppleInsider.
“Gene Munster of Piper Jaffray noted that the 3.1 million iPhones activated by Verizon in the September quarter was a number up 15 percent from the prior June quarter,” Hughes reports. “‘Verizon’s iPhone number suggests that the slowdown of older iPhones may not have been as drastic as previously suspected,’ Munster wrote in a note to investors. ‘Based on Verizon’s report, it appears that non-iPhone 5 sales were down 9% (quarter over quarter), while we are currently modeling Apple to see a 35% (quarter over quarter) decline due to the impact of customers waiting for the iPhone 5.'”
Hughes reports, “Verizon’s chief rival, AT&T, will report its own quarterly iPhone sales in its earnings call next Wednesday. Total iPhone sales for the September quarter, including iPhone 5 sales made in the last week of the quarter, will be revealed by Apple when the company announces its earnings the following day, Oct. 25.”
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