Apple on pace to surpass quarterly iPhone expectations

“Apple Inc. is on track to outpace iPhone expectations for the third quarter, according to an estimate by UBS, released Thursday,” Jennifer Booton reports for MarketWatch.

“The brokerage predicts June quarter iPhone demand of 51.1 million units, which is above the current Wall Street consensus estimate of around 45 million,” Booton reports. “While that estimate tracks consumer ‘sell-through’ demand, which is usually higher than the actual ‘sell-in’ number Apple reports, UBS also raised its sell-in estimate, to 48 million from 43 million previously, which is above the 35.2 million phones Apple sold in the same quarter last year.”

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