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AAPL Stock: 112.98 ( + 0.58 )

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iPhone 4, 4S still selling well alongside iPhone 5

updated 12:12 pm EST, Mon December 3, 2012

iPhone 4 sold out in many US locations

Although the iPhone 5 sales have been "very strong" at US carriers AT&T, Verizon, and Sprint, the two older iPhone models -- the iPhone 4 and 4S -- are also doing well, says Canaccord Genuity analyst Michael Walkley. The claims are based on channel checks, and moreover indicate that the iPhone 4 is actually selling out at some stores. In the US, the 4 is typically free if a person locks into a two-year carrier contract.

Walkley notes that Apple has been catching up on supplies for the iPhone 5. For the current quarter he estimates that Apple will sell 47.5 million units, which would be a 77 percent increase quarter-to-quarter. The analyst is holding to an $800 price target for Apple stock.




by MacNN Staff

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  1. climacs

    Dedicated MacNNer

    Joined: 09-06-01

    the best time to get into AAPL was a month ago when it hit nearly 500 post-election.

    But it's still a good time to get in. Remember what happened in January of this year, AAPL soared after 1Q2013 was reported.

    I have a hunch that iPhone sales will blow the roof off analyst estimates. If you read useless stock-tip sites like SeekingAlpha and MotleyFool, there's ALWAYS some article predicting that the magic has worn off Apple, too many people have iPhones and it's no longer 'cool', no more innovation since Steve died because of course Apple has launched a blockbuster, paradigm-smashing product every single year when Jobs was around, the only market that matters is the US market, Apple is DOOOOOOOOMMMMMMMED.

    (my favorite are the Apple-haters who manage to combine most of these into one black hole of an idiotic comment)

    Apple is still going strong. This time next year, AAPL @ $800. Bank on it.

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