Demand for the iPhone 5 higher than it was for the iPhone 4

Wed, Sep 14, 2011

News

A new survey conducted by RBC Capital Markets analyst Mike Abramsky shows that demand for the iPhone 5 is noticeably higher than it was for the iPhone 4 last year.

The survey was completed by 2,200 people and reveals that 31% of folks are either very or somewhat likely to purchase the iPhone 5 compared to just 25% of respondents from 2010 who indicated that they were very or somewhat likely to purchase the iPhone 4.

Abramsky’s survey also revealed that 54% of Sprint customers and and 53% of T-Mobile customers are either somewhat or significantly more likely to purchase the iPhone 5 should it become available on the aforementioned carriers this Fall.

Lastly, the tablet portion of Ambrasky’s survey revealed that 85% of folks planning on purchasing a tablet plan on getting an iPad. The Samsung Galaxy Tab checks in at second place with 4%.

Consequently, RBC is revamping its 2011 iPhone and iPad estimates and now anticipates Apple will sell 27 million iPhones during the holiday quarter and 12.5 million iPads during the current quarter. Lastly, has a $500 price target for Apple shares.

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