Apple Could Have Sold 33 Million iPhones, 12 Million iPads Last Quarter


Gene Munster predicts another epic quarter for Apple.
Gene Munster predicts another epic quarter for Apple.

Apple’s Q2 2012 financial earnings call is on April 24th, and if history is any guide, it’s going to see Apple announce all new record earnings and another huge jump in stock price.

Now Piper-Jeffray analyst Gene Munster is piping in, and not only are his estimates higher than Wall Street consensus, but that Apple could have sold 33 million iPhones and 12 million iPads this quarter. Not too shabby, considering the new iPad was on sale for only two weeks before the fiscal quarter ended.

Although some analysts have suggested that demand for the new iPad might have been much lower than that for the iPad 2 based upon the lack of long lines at the Apple Store at launch, Munster thinks iPad demand is healthier than ever, saying:

“We note that wait-times on Apple’s online store remain at 1-2 weeks for all versions of the iPad, suggesting that healthy demand remains,” he noted.

Munster still seems to believe that Apple is on track to have its stock hit $1,000 per share by 2014 and become the world’s first trillion dollar company. If Cupertino keeps on announcing earnings like this, we think his prediction might turn out to be a little pessimistic, and Apple may well do it by 2013.