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Apple Is About To Sell A Mind Boggling Number Of iPhones

Morgan Stanley analyst Katy Huberty has a big report out on Apple this morning where she says the company's stock is ready to rip higher in the next 45 days.

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The reason: The iPad is still selling well, and the iPhone is selling unbelievably well.

After analyzing the results of an Alphawise survey, Huberty says Apple will sell 31-36 million iPhones in the December quarter. Previously she had been anticipating 30 million iPhones sold, and the street is at 28 million.

iphone lines in China

Perhaps even more surprising, and important, is that she thinks Apple sells MORE iPhones in the next quarter. Huberty, and others, had been expecting sales to fall back on a quarter over quarter basis.

For some context, Apple's best ever iPhone quarter was 20.3 million units sold. It's about to beat that by 10 million two quarters in a row.

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