“Apple could surprise Wall Street by shipping a lot more iPhones this quarter than anticipated,” Lance Whitney reports for CNET.
“Pumped up by early interest in the new iPhone 5S and 5C, as many as 34.5 million iPhones could ship for the third quarter as a whole, Morgan Stanley analyst Katy Huberty said in an investors note released Wednesday,” Whitney reports. “That number beats the firm’s earlier forecast of 31 million and the Wall Street consensus in the low 30 million range.”
Whitney reports, “‘Investor concerns over the lack of a press release on preorder levels may be overblown,’ the analyst said. ‘We don’t view preorders in 2013 as comparable to past years given the higher-end iPhone 5s, which is the more likely choice for early adopters, isn’t available for preorder.'”
Read more in the full article here.
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