Considering that Apple just hit a record $700 billion market valuation, it's probably going to be a happy holiday around the Cupertino offices, but there may be even more cause for celebration. Ming-Chi Kuo, an analyst at KGI, is predicting that Apple will sell 71.5 million iPhones this quarter thanks to demand for the iPhone 6. The report was discovered by AppleInsider.
It's interesting to see just how important to current iPhone demand the iPhone 6 is, even when considering lower level iPhones like the 5s and 5c. According to KGI Apple is expected to 41.6 million units of the iPhone 6, but only 15.1 million of the 6 Plus. For comparison, the 5s is on track to sell 8.8 million units while the 5c is predicted to move 4.3 million. Those are all impressive numbers, but they're dwarfed by the massive number predicted for the iPhone 6.
Of course the lower numbers for the iPhone 6 Plus aren't from a lack of demand. Kuo's report says that the continuing product shortage shows there's a desire for the product, and confirms that rumors of production issues are true. If the supply issue can be fixed, the report says the final numbers may change.
The report also suggests that Q1 will see sales drop below 50 million units. We look forward to the next earnings call to see how these numbers pan out.