Apple Expected to Sell 5 Million to 8 Million iPhones This Weekend

Analysts believe Apple may sell more iPhones during launch weekend this year than in 2012, but not by much.

Gene Munster, an analyst with Piper Jaffray, expects Apple to sell 5 million to 6 million iPhones worldwide through Sunday, according to an investor note obtained by Mashable. Munster expects that Apple will sell about 2.5 million iPhone 5S devices and about 3 million iPhone 5C devices, with pre-orders accounting for 1 million of the latter

"We believe that Apple will likely sell all of the 5Ses they will produce for launch weekend," Munster wrote in the note. "Based on Apple not taking online pre-orders for the 5S, which we believe was to avoid customers immediately seeing delivery times for 2+ weeks out, we believe the 5S is more production-constrained than the iPhone 5 was at launch, likely due to the addition of the finger print technology." Read more...