iPhone 5 release: new iPhone sales could hit 6-10 million in first week

Credit: Apple

Piper Jaffray analyst Gene Munster expects 6-10 million units of iPhone 5 to be sold in the opening weekend.

Munster based his prediction on the huge number of pre-order Apple saw, and on how the iPhone 4S performed last year.

Apple recently announced that more than 2 million iPhone 5s were pre-ordered in the first 24 hours of availability, which is is more than double the previous record of 1 million held by iPhone 4S.

“Given the 2 million pre-orders, we remain confident that Apple can deliver 8 million iPhones in the launch weekend. The reason we are confident in the 8 million is two-fold. First, initial 24 hour pre-orders for the iPhone 5 were up 100% from the iPhone 4S. Last year, pre-orders accounted for 25% of total weekend launch unit sales. Assuming the same initial launch pre-order/retail distribution, the pre-order total would suggest 8 million launch units,” wrote Munster.

On Friday, the iPhone 5 will be launched available in the U.S., U.K., Canada, France, Germany, Australia, Japan, Hong Kong and Singapore and by the end of the year it will be available in 100 countries.