Due to the success of the iPhone 12 line, Apple could sell a record 240 million iPhones this year.
As reported by MacRumors, Wedbush analyst Dan Ives released a new research note saying the company is on track to sell between 240-250 million iPhones for fiscal year 2021. That would break his previous record of 231 million iPhones sold in 2015 after the company announced the iPhone 6.
Ives said that although Wall Street generally predicts 220 iPhones sold for fiscal year 2021, their firm still remains strong so Apple could pass that number.
“Although Street envisions approximately 220 million iPhones for the FG21, we believe that based on this current trajectory and in the case of the Cupertino bull, it can still sell north of the 240 million units (~ 250 million could be on the cards – the eye will pop out) figure) which would easily overshadow Apple’s previous record of 231 million copies sold in FG15. “
Ives estimates that 350 million iPhone users worldwide are currently “in the upgrade window”, which he believes is “turning into an unprecedented cycle of supercycle upgrades” for Apple this year.
Apple has achieved huge success with the iPhone 12 line. A recent CIRP report estimates that the new iPhone line already accounted for more than 50% of iPhone sales in the first quarter of 2021.
CIRP reveals that the new iPhone 12 models (12, 12 Pro, 12 Pro Max and 12 mini) accounted for 56% of U.S. iPhone sales in the quarter. iPhone 12 and iPhone 12 Pro Max had the largest share for one model, with 17% each (Chart 1). The mix of models resulted in a U.S. weighted average retail price (US-WARP) of $ 873 per quarter, compared to $ 809 for the quarter in December 2019.
That series of sales is expected to continue on the iPhone 13 this fall as well.
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