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Shocker: Analyst Sees 'Unprecedented' Demand for iPhone 5

 & Chloe Albanesius Executive Editor, News

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If the never-ending rumors about the iPhone 5 aren't proof enough, people are extremely interested in Apple's next-generation smartphone. An analyst has now weighed in on that chatter, and predicts "unprecedented" demand for the new iPhone.

RBC Capital analyst Mike Abramsky has increased his first quarter 2012 iPhone sales prediction to 27 million from 24.4 million and fiscal year 2012 estimates from 105 million to 110 million.

The report signals "unprecedented iPhone 5 demand and strong back-to-school iPad buying intentions."

Of the 2,200 people surveyed by RBC in August, 31 percent were somewhat or very likely to buy the iPhone 5, up from the 25 percent who said the same ahead of the iPhone 4 launch. About 66 percent of existing iPhone users want to upgrade to the new iPhone.

If Apple expands the number of carriers offering the iPhone, meanwhile, 54 percent of Sprint subscribers and 53 percent of T-Mobile subscribers said they would lean toward the iPhone when buying a new smartphone.

The iPad is not losing steam, meanwhile. Of those thinking about buying a tablet, 85 percent would buy the iPad, up from 82 percent in February, according to data from ChangeWave, cited in today's note. As a result, Abramsky raised RBC's fourth quarter iPad estimate to 12.5 million from 10.5 million.

Current rumors suggest that Apple will unveil the new iPhone later this month and start selling it in mid-October, though nothing has been announced. Earlier this month, there were reports that Germany's Deutsche Telekom was taking pre-orders for the device, even though it had yet to be unveiled. But will Apple unveil a new iPhone 5 or the "baby" iPhone 4S? And will it come to other carriers? Time will tell.

Losing track of all the Apple iPhone 5 rumors? Be sure to check out What the iPhone 5 Might Look Like and Six Amazing Phone Technologies We Want in iPhone 5, as well as the 8 Likely iPhone 5 Rumors, and 2 Wild Ones slideshow below.

About Our Expert

Chloe Albanesius

Chloe Albanesius

Executive Editor, News

My Experience

I started out covering tech policy in DC for The National Journal, where my beat included state-level tech news and all the congressional hearings and FCC meetings I could handle. I later covered Wall Street trading tech before switching gears to consumer tech. I now lead PCMag's news coverage.

My Areas of Expertise

Getting my start in DC means I still have a soft spot for tech policy; Congressional hearings can sometimes be as entertaining as a Bravo reality show, for better or worse. But PCMag is all about the technology we use every day, as well as keeping an eye out for the trends that will shape the industry in the years ahead (or flop on arrival). I've covered the rise of social media, the iOS vs. Android wars, the cord-cutting revolution that's now left us with hefty streaming bills, and the effort to stuff artificial intelligence into every product you could imagine. This job has taken me to CES in Vegas (one too many times), IFA in Berlin, and MWC in Barcelona. I also drove a Tesla 1,000 miles out west as part of our Best Mobile Networks project. Of late, my focus is on our hard-working team of reporters at PCMag, guiding and editing their robust coverage.

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