Tech

MUNSTER: Worst Case Scenario, Apple Sells 6 Million iPhone 5s Opening Weekend

Read in app

Tim CookApple will sell 6-10 million iPhone 5s during its weekend launch, says Piper Jaffray analyst Gene Munster in a new note this afternoon.

Munster is predicting the mid-point of that range. He thinks Apple announces 8 million iPhone 5s sold on the opening weekend, which would be double what it announced last year for the iPhone 4S.

He calls 6 million sold a "worst case scenario."

Apple says it had 2 million iPhone 5 pre-orders during the first 24 hours the phone was available. That's double what it did last year with the iPhone 4, which is giving Munster confidence it can double opening weekend sales.

Read next

Jay was the executive editor of Business Insider. He oversaw day-to-day coverage on the site. He started as an intern at Business Insider in 2007. Before becoming executive editor he was running SAI, the technology section of the site.He has a degree from the University of Delaware in economics and a master's in journalism from NYU.