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Bryan M. Wolfe
| April 16, 2012
Apple's iPhone Sales Expected To Dip
Apple is expected to announce its latest quarterly results next week. When they do, analysts expect there were fewer iPhones sold from Jan. 1 to Mar. 31, according to Fortune. During Apple’s first quarter of the year, more than 37 million iPhones were sold, giving the company a cumulative total of 175 million to date. For the second quarter, the company is likely to see a smaller number, with 35.1 million units sold. [caption id="attachment_292037" align="aligncenter" width="487" caption="iPhone Sales"][/caption] This is the consensus of 48 analysts, professional and independent, who see sales ranging from 26 to 44 million.
The average estimate among the full group of 24 indies is nearly 37.2 million iPhones, which would represent an increase of 99.9% from the same quarter last year. Within this group, the estimates range from a high of 44 million from the Braeburn Group's Gabriel Dubois to a low of 31.5 million from Bullish Cross' Andy Zaky, who has turned somewhat bearish since he launched his hedge fund.Still, even 35.1 million units sold would be an 86 percent increase year-on-year for the company. Apple’s fifth-generation handset, the iPhone 4S arrived last October. The next iPhone is expected sometime later this year. Apple will announce their second quarter results on April 24. At the time, we'll also have our first official look at new iPad sales. Apple's third generation iPad went on sale beginning March 9.