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Last Week Apple Put In A Big New Order For More iPhones, Says Citi

iphone, iphone shopping, mac store, apple store

Get ready for a monster iPhone number in this holiday quarter, says Citi analyst Richard Gardner.

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In a note this morning, Gardner writes:

"Our meetings in Taiwan suggest that Apple raised 4CQ11 iPhone orders to suppliers meaningfully just last week. The new iPhone build plan is meaningfully above the low-30’s million figure that we were hearing previously. Given such a significant order increase at this late stage in the quarter, it seems clear that Apple is headed for a meaningful upside surprise on iPhone shipments this quarter."

For some context, Apple sold 17.1 million iPhones last quarter. And the quarter before that was 20.3 million iPhones sold.

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