The last few months have been quite busy for Apple. They released the next chapter in the iPhone story, the iPhone 5. And the much awaited iPad Mini was also released a month later. Both these products have gotten great reviews. Although there have been numerous issues with the iPhone 5, like camera and keyboard, the general demand has been great.
According to Katy Huberty of Morgan Stanley, iPhone and iPad mini sales are greater than previously expected. A few weeks ago an estimate was put at 46 million units for the number of iPhone 5 and 23 million iPads that will be sold by the end of the year. Katy Huberty believes Apple will surpass this number. She also went ahead and claimed that Apple will also beat March 2013 estimates of 43 million iPhones and 19 million iPads.
It’s going to be an interesting Q4 2012. Initially Apple suffered with supply issues for the iPhone 5 and iPad mini, but now that they have been resolved, they might actually be able to sell close to 50 million iPhone 5 by the end of this year. Suppliers also indicated that the iPhone 5 and iPad mini are expected to sell well in China. The competition however is quite tough this time around.