Apple products have continued to capture the attention and excitement of the public. Whether we are talking the iPhone or the MacBook, Apple makes sleek and reliable products that are the epitome of convenience.
The new iPhone 6, whose details were released September 9, is set to continue this trend of innovation and technological prowess. This new phone is faster, bigger, extremely thin and has a stunning display.
Historically, Apple has moved more and more units every single year each time a new iPhone is released. This is particularly evident in the first couple of days post-launch. Similarly, projected sales for the iPhone 6 already look very good for Apple.
Subsequently, in 2012, it sold 5 million units with the iPhone 5. Needless to say, 2013 was an absolutely incredible year for Apple, and one for the record books in terms of units sold.
Will the iPhone 6 do as well as the iPhone 5s?
Apple analyst Gene Munster believes that opening weekend sales for the new phone could be a disappointment. To be fair, however, last year's opening weekend sales are a tough act to follow.
Moreover, last year's release included both the iPhone 5s and the 5c, which distorts the overall number of sales. In essence, it was as if two phones were released, rather than just one. Accordingly, Munster argues that only 5.4 million iPhone 5s units were likely sold last year.
Thus, Munster predicts that Apple will only sell around 6.5 million iPhone 6 units during opening weekend. Historically, Apple stock has actually suffered with new product launches.
Likewise, there have been fluctuations in Apple's stock since the announcement yesterday.
Yet, don't be fooled by the changes in stock or speculations about opening weekend, the iPhone 6 will lead to record sales for Apple. Long story short, this new phone is a game changer.
In fact, a lot of people opted out of purchasing the iPhone 5s last year in order to wait for the iPhone 6. This is largely due to the fact that the iPhone 5s wasn't really much of an improvement from its predecessor, the iPhone 5.
In essence, the iPhone 6 is a huge leap up from the iPhone 5s, and a great deal of people are going to want to upgrade for that very reason. In fact, 25 million people are likely to upgrade this year.
Moreover, a lot of people don't agree with the negative predictions surrounding opening weekend unit sales for the iPhone 6. Indeed, this will be a record opening weekend for Apple, and it's going to make a ridiculous amount of money this year.
Correspondingly, some believe that the iPhone 6 will sell as many as 10 million units during opening weekend.
Apple sales have been down in Q3, but the release of this new iPhone will ensure that they skyrocket over the next couple of months. This has been true in the past as well. Each time a new phone has been released, Apple's quarterly sales have gone up.
Simply put, the iPhone continues to make Apple billions of dollars every year, as iPhone sales have risen every year. It's, by and far, the company's most successful product, accounting for 53 percent of its revenue.
The iPhone was unveiled in 2007. Since that time, Apple has sold around 551 million iPhones, racking up $343 billion of its total revenue ($616 billion).
This new iPhone is easily the best one yet.
Likewise, it's affordable and there are multiple options with the iPhone 6 and the iPhone 6 Plus. The 16GB costs $199, while the 64GB and 128GB cost $299 and $399 respectively.
Thus, Apple has set itself up for huge profits with this amazing new gadget. The most iPhone units Apple has sold in a quarter was 51 million, leading to a record quarterly revenue of $57.6 billion and a net profit of $13.1 billion.
With the iPhone 6, Apple has the potential to sell close to 80 million units in the last quarter of 2014. If you break it down in comparison to previous years and what Apple typically makes from the iPhone, this means it will shatter past records.
Additionally, experts predict that over the course of 2015, Apple could sell 235 million iPhone 6 units.
Basically, Apple is going to make an absurd amount of money from the iPhone 6. There's a reason Apple is the most valuable brand in the world, and it begins with innovation.
Top Photo Courtesy: Apple