iPhone 5 To Be Largest Consumer Electronics Upgrade in History

Apple Analyst Gene Munster from Piper Jaffrey believes that September will be the most historical month in consumer electronics history when Apple releases their next generation iPhone, rumored to be called iPhone 5. Munster wrote to investors that he believes in the last 10 days of September alone, Apple will sell 6-10 million iPhone 5 units, leading the way for Apple to outperform Wall Street’s disappointing expectations in Q4 2012. Munster goes on to predict that Apple will sell 26-28 million iPhone 5 units total in the fourth quarter, with sales slowing down dramatically from September 12 – 20th which is the time period from when the iPhone 5 is announced to when it is made available to purchase. This figure would result in an 8 percent increase to Wall Street’s current $35 billion in revenue and 12 percent increase to EPS of $8.46.

via PCWorld