Morgan Stanley: iPhone sales to grow 28% year-over-year in Q3

 

8:40 AM

Apple looks set to get a big boost this quarter from the launch of its new iPhones. Fortune points us to new research from Morgan Stanley that projects Apple will sell 34.5 million iPhones this quarter, an increase of 28% from the 26.9 million iPhones it sold in the same quarter in 2012. Morgan Stanley analyst Katy Huberty says that the firm projects smartphone sales based on web search data culled from the United States, the United Kingdom, Germany, France, China and Japan that has in the past been a leading indicator of consumer interest for new smartphone models. Morgan Stanley’s model still has Samsung’s army of Galaxy-branded devices outselling Apple’s iPhones on the quarter, however, as the firm projects the company will 47 million Galaxies in Q3.

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