Apple iPhone 5 launch live: Countdown begins!

The new iPhone could hit the 10 million sales mark in its first week, an analyst has predicted.

Zeebiz Bureau

New York: Apple’s much-awaited iPhone 5 is expected to be launched at an event on Wednesday.

The new iPhone could hit the 10 million sales mark in its first week, an analyst has predicted.

Some reports suggest that the new phone will reportedly go on sale on Friday, September 21.

With that date in mind, Piper Jaffray analyst Gene Munster projects iPhone 5 sales of anywhere from 6 million to 10 million, CNET reports.

According to the report, last year, Apple sold 4 million iPhone 4S units during that phone's first three-day weekend in October.

The analyst predicts that a full 10 million in sales over a little more than one week seems attainable this year, as long as there's enough supply to meet demand.

Overall, the analyst is eying total iPhone sales of at least 26 million units for the full September quarter, higher than the average Wall Street estimate of 22 million to 23 million, the report said.

Apple has reportedly slashed its memory chip orders from Samsung for the upcoming next-generation iPhone, in a bid to reduce its reliance on the rival Korean mobile manufacturer.

Samsung has been a core supplier of Apple, producing micro processors, flat screens and memory chips for the iPhone, iPad and iPod.

Sources revealed that Apple has been cutting its orders from Samsung in a bid to diversify its lines of supply for memory chips.

Samsung, however, remains on the list of initial suppliers for the first batch of the new iPhone, the Telegraph reports.

According to the paper, Apple has apparently picked Japan''s Toshiba Corp, Elpida Memory and Korea''s SK Hynix to supply DRAM and NAND chips.

The source denied claims that the reduced orders from Apple were due to a souring relationship between the two companies who are locked in patent disputes in various countries.

As the countdown for the Apple’s most anticipated phone dubbed as the iPhone 5 starts, rival Samsung has decided to sue the company for patent infringement over its reported use of long-term evolution (LTE) connectivity.

Reports have it that Samsung holds numerous patents for the fourth-generation wireless networking which apparently iPhone 5 will feature.

With Agency Inputs