Study: older iPhones are still selling strong

[RaduTyrsina]

Even if most people can barely keep themselves from getting their hands on the newest iPhone version, some of us still like owning more classic versions. A new survey coming from Canaccord Genuity Inc. noticed an increase of demand for older version of the iPhone for the Q2 of this year. Thus, the estimate sales for the entire quarter were raised to 37 million units. For the next quarter, the report sees the company achieving sales of 27 million, which represents an increase from the previous 25 million.

If you are looking to purchase an iPhone, the time co​​uldn’t be more right, according to the report. Canaccord Genuity analyst, Michael Walkley, specified in the research that the average price per iPhone has dropped from $651 to $601. After the iPhone 5 was launched this autumn, the prices for the older generations of Apple smartphones tended to go downwards. So, many people were able to purchase the iPhone 4 and the iPhone 4S.

“IPhone 5 sales declined consistent with normal seasonal patterns after very strong December holiday quarter sales.”

Apple’s iPhone remains one of the company’s top products amounting for more than 50% of its cash flow. When asked to comment about the Canaccord Genuity report, Apple spokeswoman Amy Bessette declined to make a reference to the projections made by Canaccord Genuity.

Source: Bloomberg