While waiting for the the new iPhone to show its luminous face, analysts are making all sorts of massive predictions about what will happen when the smartphone finally hits the market this year. FBR Capital analyst Craig Berger seems to be particularly in awe of the upcoming device. He is projecting the device to sell 250 million units in the course of its entire lifespan.
"We expect the iPhone 5 … has the potential to generate the most promising device upgrade cycle in Apple's history," Berger announced.
He went as far as calling the iPhone a tsunami as he is confident that the new device will end up generating huge amounts of profit that might amount to a total of $144 billion in revenue, $77 billion in gross income and $47 billion in net income. The average ASP for the iPhone 5 is expected to be $575.
The analyst explains that this is to be expected as the new iPhone is going to be bringing major upgrades like NFC support and a larger 4-inch display. Also countries like China will surely support the rise of the upcoming device as China Mobile – the largest carrier in the country that has an average of 688 million subscribers, will start selling the phone in the first few months of 2013.
“If China Mobile launches the iPhone in early 2013, we anticipate that Apple could generate 13 million units sold [to China Mobile customers] in the first half of 2013,”
Source: Apple's 'iPhone 5 Tsunami' predicted to sell 250M units over life cycle