Analyst: iPhone 5 Launch Day Sales to Top 1.7 Million

Apple is hosting a special media event on Tuesday, October 4, where the company is expected to introduce its latest iPhone model. Demand for the new model is so high, according to Ticonderoga Securities analyst Brian White, that Apple will likely sell 1.7 million units on the first day it is available.

Apple expected to sell boatloads of iPhonesApple expected to sell boatloads of new iPhones

Waiting until October to introduce the new model instead of sticking with the usual late spring launch window has created “pent up demand,” according to Mr. White. He added that the launch day sales will shoot beyond the numbers for any previous iPhone roll out event.

As far as features go, Mr. White expects to see a redesign and some performance bumps, Business Insider reports. “We expect the iPhone 5 to get a makeover with a sleek, aluminum unibody enclosure that more closely resembles the MacBook Air than the iPhone 4,” he said.

He also expects Apple will make some other design changes, too.

“With this new enclosure, we believe this will provide Apple with the opportunity to expand the display size by at least one half of an inch to 4 inches and hopefully bigger,” Mr. White said. “Apple will clearly need to upgrade the processor speed to at least a Dual Core 1.2GHz to match the Samsung Galaxy S II, while upgrading to a 8 megapixel 1080p camera that is now also on the Galaxy S II.”

Apple’s iPhone media event is set to start at 10AM pacific time on Tuesday, October 4. Be sure to check in with The Mac Observer for our coverage of Apple’s announcements.

Apple is currently trading at US$377.02, down 4.30 (-1.13%).