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Apple Projected to Beat Wall Street Estimates with 39 Million Quarterly iPhones Shipped

Apple's quarterly iPhone sales may beat Wall Street estimates, based on new data from Morgan Stanley analyst Katy Huberty. According to the firm's AlphaWise Smartphone Tracker, Apple could sell as many as 39 million iPhones in the second calendar quarter of the year, beating Wall Street's predicted 35 million and topping the 31.2 million sold in the same quarter last year.

alphawise_2q14_iphone
Huberty believes iPhone sales will get a boost this quarter due to deep discounts on iPhone upgrades that entice consumers to buy a new iPhone, despite the upcoming rumored launch of the iPhone 6. Apple recently launched a promotion that encourages customers to trade-in their old iPhone and receive credit towards an iPhone 5s or 5c. Apple is offering iPhone 4 users up to $99, while iPhone 4s owners can get up to $199 as a store credit, making an upgrade to a subsidized iPhone 5s virtually free.

Carriers and third-party retailers also have discounted the iPhone in recent weeks, with Best Buy last month offering up to $200 trade-in value for customers who bring in an older iPhone and upgrade to an iPhone 5s or 5c. To maintain this sales momentum, Apple also may start selling the iPhone along with contract-free calling and data plans for T-Mobile and AT&T.

Morgan Stanley's "AlphaWise" smartphone tracker compiles sales data using Google Trends data and historically is more accurate at forecasting iPhone sales than Wall Street consensus estimates, although Huberty may still tweak her numbers in the closing weeks of the quarter.

Related roundup: iPhone 6

Top Rated Comments

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19 weeks ago
You just had to get the word "Beat(s)" in the title didn't you Macrumors :P
Rating: 6 Votes
19 weeks ago
Wall Street: Apple projected to beat Wall Street projections

Hm.
Rating: 5 Votes
19 weeks ago
What's a "Quarterly iPhone"? An iPhone you have to drop a coin into to make a call?
Rating: 4 Votes
19 weeks ago
"Every year gon' be our year." -Kanye West
Rating: 4 Votes
19 weeks ago
First WWDC and now this. Clearly Apple is aimless and struggling... :D

Sarcasm, in case anyone was wondering.
Rating: 3 Votes
19 weeks ago
Yes and as soon as they beat expectations stock will drop and everyone will complain.
Rating: 3 Votes
19 weeks ago
I'm guessing the smartphone market has been growing as well. I wonder what their market share this year vs last year is? All I know is I see a lot less people with iPhones then I used to.

I'll use my friends as an example. We were out grabbing food and 6 had Androids 2 had iphones. Year of the iphone 4 it would have been the reverse.
Rating: 3 Votes
19 weeks ago

Wall Street: Apple projected to beat Wall Street projections

Hm.


No kidding. Katy Huberty *is* a Wall Street analyst. Therefore, if Apple delivers 39 million iPhones this quarter, they will have met, not beaten, "Wall Street estimates".
Rating: 2 Votes
19 weeks ago
You can't forget they barely started in China, making it relatively more easy to grow. I'm wondering whether they are also growing significantly in US and European markets, where they already have quite some market share.
Rating: 1 Votes
19 weeks ago

Apple's projected to beat projections.


Estimates are estimated to beat estimations.
Rating: 1 Votes

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